# Iron ore and Tankers, barges and fuel trucks

Their prices have moved together.

Source page: https://www.materialinsights.org/links/iron-ore-and-tankers-barges-and-fuel-trucks/

[Iron ore](https://www.materialinsights.org/commodities/iron_ore/) (commodity) and [Tankers, barges and fuel trucks](https://www.materialinsights.org/energy/e_tankers/) (energy): 1 relationship.

## How they are linked

### 1. Price link: freight cost

*Cost and price · Weak · Both ways*

Iron ore is the largest dry bulk cargo, and freight from Brazil to China is a big part of the delivered cost. The proxy is a US deep-sea freight index that shows no monthly correlation (0.01); a dry bulk freight index would fit better.

- **0.01** monthly change correlation
- **0.10** 12-month change correlation
- **0.22** fitted elasticity

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