Energy-intensive industry and Nitrogen gas

Their prices have moved together.

Energy-intensive industry (energy) and Nitrogen gas (chemical): 1 relationship.

How they are linked

1. Price link: energy cost

Cost and price · Moderate · Both ways

Electricity is the main cost of making nitrogen. The proxy is US industrial power; monthly moves correlate at 0.05 and yearly moves at 0.39, because industrial gas contracts adjust slowly to power costs.

• 0.05 monthly change correlation
• 0.39 12-month change correlation
• 1.41 fitted elasticity

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