# Argon and Oxygen

Their prices have moved together.

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

[Argon](https://www.materialinsights.org/chemicals/argon/) (chemical) and [Oxygen](https://www.materialinsights.org/chemicals/oxygen/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: co-product

*Cost and price · Weak · Both ways*

Argon comes from the same air separation units in small amounts. The argon and hydrogen index correlates with oxygen at 0.28 for monthly moves and 0.20 for yearly moves, since hydrogen is part of that index.

- **0.28** monthly change correlation
- **0.20** 12-month change correlation
- **-0.23** fitted elasticity

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