# LNG chain and Nickel

Their prices have moved together.

Source page: https://www.materialinsights.org/links/lng-chain-and-nickel/

[LNG chain](https://www.materialinsights.org/energy/e_lng/) (energy) and [Nickel](https://www.materialinsights.org/commodities/nickel/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: tank material

*Cost and price · Weak · Both ways*

Liquefaction plants, carriers and import tanks use nickel alloy steels that stay tough at the very low temperatures needed. Nickel is a small share of project cost, and the data show no relation, with monthly moves at -0.03.

- **-0.03** monthly change correlation
- **0.19** 12-month change correlation
- **0.12** fitted elasticity

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