Herbicides and Natural gas

Natural gas is a raw material for herbicides; their prices have moved together.

Herbicides (chemical) and Natural gas (energy): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Natural gas → Herbicides

Herbicides is made from natural gas: it is one of the raw materials its production routes start from.

2. Price link: intermediate input

Cost and price · Moderate · Both ways

Gas-based chemicals such as ammonia, methanol and hydrogen cyanide feed glyphosate and other herbicide intermediates. European gas correlates at 0.00 for monthly moves but 0.58 for yearly moves, showing slow cost pass-through.

• 0.00 monthly change correlation
• 0.58 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.