# Biomass combustion and CHP and Timber

Their prices have moved together.

Source page: https://www.materialinsights.org/links/biomass-combustion-and-chp-and-timber/

[Biomass combustion and CHP](https://www.materialinsights.org/energy/e_bio_combustion/) (energy) and [Timber](https://www.materialinsights.org/commodities/lumber/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: fuel source

*Cost and price · Weak · Both ways*

Sawmill residues are a major fuel source, so timber output sets fuel supply. The Malaysian sawnwood price and US boiler index show no monthly link, correlating at -0.03. Different regional markets explain the missing link.

- **-0.03** monthly change correlation
- **0.17** 12-month change correlation
- **-1.41** fitted elasticity

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