# Graphite and Refining and reforming

Their prices have moved together.

Source page: https://www.materialinsights.org/links/graphite-and-refining-and-reforming/

[Graphite](https://www.materialinsights.org/commodities/graphite/) (commodity) and [Refining and reforming](https://www.materialinsights.org/energy/e_refining/) (energy): 1 relationship.

## How they are linked

### 1. Price link: feedstock source

*Cost and price · Weak · Both ways*

Synthetic graphite and electrodes are made from needle coke, produced from refinery residues such as decant oil, so refinery output and oil prices affect costs. The proxy index barely tracks refining: monthly correlation is -0.03.

- **-0.03** monthly change correlation
- **0.01** 12-month change correlation
- **0.11** fitted elasticity

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