# Crude oil and Isopropanol

Crude oil is a raw material for isopropanol; their prices have moved together.

Source page: https://www.materialinsights.org/links/crude-oil-and-isopropanol/

[Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy) and [Isopropanol](https://www.materialinsights.org/chemicals/isopropanol/) (chemical): 2 relationships.

## How they are linked

### 1. Feedstock

*Physical flow · Direct · Crude oil → Isopropanol*

Isopropanol is made from crude oil: it is one of the raw materials its production routes start from.

### 2. Price link: feedstock cost

*Cost and price · Moderate · Both ways*

Oil sets the cost of the propylene and acetone behind isopropanol. Brent moves with the proxy at 0.23 monthly and 0.58 yearly, diluted because the proxy covers a wide range of organic chemicals.

- **0.23** monthly change correlation
- **0.58** 12-month change correlation
- **0.15** fitted elasticity

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