Acrylonitrile and Crude oil

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

Acrylonitrile (chemical) and Crude oil (energy): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Crude oil → Acrylonitrile

Acrylonitrile 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 naphtha-based propylene in Asia and Europe. 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.