# Benzene and Organic pigments

Their prices have moved together.

Source page: https://www.materialinsights.org/links/benzene-and-organic-pigments/

[Benzene](https://www.materialinsights.org/chemicals/benzene/) (chemical) and [Organic pigments](https://www.materialinsights.org/chemicals/pigments/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: aromatic feed

*Cost and price · Weak · Both ways*

Azo and phthalocyanine pigments are built from aromatic amines and phthalic derivatives that start as benzene, toluene or xylene. The petrochemical proxy barely tracks the pigment index, at -0.03 for monthly moves and 0.22 for yearly moves.

- **-0.03** monthly change correlation
- **0.22** 12-month change correlation
- **-0.05** fitted elasticity

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