# ABS and Crude oil

Crude oil is a raw material for ABS; their prices have moved together.

Source page: https://www.materialinsights.org/links/abs-and-crude-oil/

[ABS](https://www.materialinsights.org/chemicals/abs/) (chemical) and [Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy): 2 relationships.

## How they are linked

### 1. Feedstock

*Physical flow · Direct · Crude oil → ABS*

ABS is made from crude oil: it is one of the raw materials its production routes start from.

### 2. Price link: feedstock cost

*Cost and price · Strong · Both ways*

All three monomers come from oil or gas liquids, so crude sets the cost floor. Brent moves with the resin proxy at 0.24 monthly and 0.72 yearly. ABS margins also swing with appliance demand.

- **0.24** monthly change correlation
- **0.72** 12-month change correlation
- **0.18** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.