# Argon and Nitrogen gas

Their prices have moved together.

Source page: https://www.materialinsights.org/links/argon-and-nitrogen-gas/

[Argon](https://www.materialinsights.org/chemicals/argon/) (chemical) and [Nitrogen gas](https://www.materialinsights.org/chemicals/nitrogen_gas/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: co-product

*Cost and price · Weak · Both ways*

Argon is recovered from the same plants. The argon and hydrogen index correlates with the proxy at 0.46 for monthly moves but only 0.05 for yearly moves, as hydrogen pricing differs.

- **0.46** monthly change correlation
- **0.05** 12-month change correlation
- **-0.25** fitted elasticity

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