# Crude oil and Unsaturated polyester resins

Crude oil is a raw material for unsaturated polyester resins; their prices have moved together.

Source page: https://www.materialinsights.org/links/crude-oil-and-unsaturated-polyester-resins/

[Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy) and [Unsaturated polyester resins](https://www.materialinsights.org/chemicals/upr/) (chemical): 2 relationships.

## How they are linked

### 1. Feedstock

*Physical flow · Direct · Crude oil → Unsaturated polyester resins*

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

### 2. Price link: ultimate feedstock

*Cost and price · Moderate · Both ways*

Every ingredient of these resins traces back to oil or gas liquids, but several conversion steps and contract pricing dampen the link. Monthly moves correlate at just 0.05, rising to 0.50 for yearly moves, and oil tends to lead by about 2 months.

- **0.05** monthly change correlation
- **0.50** 12-month change correlation
- **0.09** fitted elasticity

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