Crude oil and Vitamins

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

Crude oil (energy) and Vitamins (chemical): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Crude oil → Vitamins

Vitamins 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 · Weak · Both ways

Vitamins A and E are synthesised through petrochemical intermediates such as citral and isophytol. Oil matters little against plant outages, and the proxy, a US index for vitamin preparations, shows no link with monthly moves at -0.01.

• -0.01 monthly change correlation
• -0.20 12-month change correlation
• -0.05 fitted elasticity

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