Acrylic acid and Crude oil

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

Acrylic acid (chemical) and Crude oil (energy): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Crude oil → Acrylic acid

Acrylic acid 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 · Moderate · Both ways

Oil sets the cost of propylene from naphtha crackers and refineries. Brent moves with the proxy at 0.23 monthly and 0.58 yearly, diluted because the proxy covers many other chemicals.

• 0.23 monthly change correlation
• 0.58 12-month change correlation
• 0.15 fitted elasticity

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