# Benzene and Refining and reforming

Their prices have moved together.

Source page: https://www.materialinsights.org/links/benzene-and-refining-and-reforming/

[Benzene](https://www.materialinsights.org/chemicals/benzene/) (chemical) and [Refining and reforming](https://www.materialinsights.org/energy/e_refining/) (energy): 1 relationship.

## How they are linked

### 1. Price link: co-product

*Cost and price · Strong · Both ways*

Catalytic reformers in refineries produce benzene alongside high-octane petrol, and rules capping benzene in fuel push more onto the chemical market. The refinery index moves with the proxy at 0.68 monthly and 0.90 yearly.

- **0.68** monthly change correlation
- **0.90** 12-month change correlation
- **0.72** fitted elasticity

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