# Cement and Timber

Their prices have moved together.

Source page: https://www.materialinsights.org/links/cement-and-timber/

[Cement](https://www.materialinsights.org/commodities/cement/) (commodity) and [Timber](https://www.materialinsights.org/commodities/lumber/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: substitute

*Cost and price · Weak · Both ways*

Concrete competes with timber in building, and both depend on construction demand. The US cement index shows no link with Malaysian hardwood, with monthly moves at minus 0.06 and yearly moves at minus 0.29.

- **-0.06** monthly change correlation
- **-0.29** 12-month change correlation
- **-0.38** fitted elasticity

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