# Formaldehyde and Timber

Their prices have moved together.

Source page: https://www.materialinsights.org/links/formaldehyde-and-timber/

[Formaldehyde](https://www.materialinsights.org/chemicals/formaldehyde/) (chemical) and [Timber](https://www.materialinsights.org/commodities/lumber/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: end use

*Cost and price · Weak · Both ways*

Wood panels such as plywood and particleboard use much of the world's formaldehyde resin, so housing and furniture demand matter. Malaysian sawnwood moves with the proxy at only 0.09 monthly and 0.26 yearly, since timber follows its own supply.

- **0.09** monthly change correlation
- **0.26** 12-month change correlation
- **-0.63** fitted elasticity

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