Electric heating and Nickel

Their prices have moved together.

Electric heating (energy) and Nickel (commodity): 1 relationship.

How they are linked

1. Price link: heating elements

Cost and price · Weak · Both ways

Resistance elements are usually nickel-chromium alloy wire, and furnace parts use nickel-rich steels. Nickel swings are large but the link is weak, with monthly moves correlating at 0.09, because alloy is a small share of finished equipment.

• 0.09 monthly change correlation
• 0.04 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.