# Energy-intensive industry and Nitrogen gas

Their prices have moved together.

Source page: https://www.materialinsights.org/links/energy-intensive-industry-and-nitrogen-gas/

[Energy-intensive industry](https://www.materialinsights.org/energy/e_heavy_industry/) (energy) and [Nitrogen gas](https://www.materialinsights.org/chemicals/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.