# Carbon dioxide and Nitrogen gas

Their prices have moved together.

Source page: https://www.materialinsights.org/links/carbon-dioxide-and-nitrogen-gas/

[Carbon dioxide](https://www.materialinsights.org/chemicals/carbon_dioxide/) (chemical) and [Nitrogen gas](https://www.materialinsights.org/chemicals/nitrogen_gas/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: same industry

*Cost and price · Weak · Both ways*

The same industrial gas companies sell CO2, nitrogen and oxygen by tanker and cylinder, sharing delivery and contract terms. The industrial gases index moves with the CO2 index at 0.30 monthly, its strongest monthly tie.

- **0.30** monthly change correlation
- **0.23** 12-month change correlation
- **1.23** fitted elasticity

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