Aluminium and Refining and reforming

Their prices have moved together.

Aluminium (commodity) and Refining and reforming (energy): 1 relationship.

How they are linked

1. Price link: anode material

Cost and price · Strong · Both ways

Smelter anodes are made from calcined petroleum coke and pitch, by-products of oil refining, so refinery output affects anode costs. Against the refinery index monthly moves correlate at 0.44 and yearly at 0.72, largely reflecting the shared energy cycle.

• 0.44 monthly change correlation
• 0.72 12-month change correlation
• 0.43 fitted elasticity

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