# Carbon black and Refining and reforming

Their prices have moved together.

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

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

## How they are linked

### 1. Price link: feedstock source

*Cost and price · Strong · Both ways*

Heavy residual oil from refinery cracking units is the main feedstock. Contracts pass oil costs through with a lag, so monthly moves correlate at only 0.01, but yearly moves at 0.61.

- **0.01** monthly change correlation
- **0.61** 12-month change correlation
- **0.57** fitted elasticity

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