# Explosives and propellants and Natural gas

Their prices have moved together.

Source page: https://www.materialinsights.org/links/explosives-and-propellants-and-natural-gas/

[Explosives and propellants](https://www.materialinsights.org/energy/e_propellants/) (energy) and [Natural gas](https://www.materialinsights.org/energy/natural_gas/) (energy): 1 relationship.

## How they are linked

### 1. Price link: feedstock

*Cost and price · Moderate · Both ways*

Ammonium nitrate comes from ammonia made with natural gas. The European gas price shows little monthly link to the explosives index, at 0.05, with gas leading by about four months, as costs pass through fertiliser and supply contracts.

- **0.05** monthly change correlation
- **0.39** 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.