# Methanol and Ship propulsion

Their prices have moved together.

Source page: https://www.materialinsights.org/links/methanol-and-ship-propulsion/

[Methanol](https://www.materialinsights.org/chemicals/methanol/) (chemical) and [Ship propulsion](https://www.materialinsights.org/energy/e_marine/) (energy): 1 relationship.

## How they are linked

### 1. Price link: fuel demand

*Cost and price · Weak · Both ways*

Methanol is emerging as a lower-carbon ship fuel, with dual-fuel vessels on order. The shipbuilding price proxy moves with the methanol proxy at 0.06 monthly, because ship prices reflect yard capacity, not fuel costs.

- **0.06** monthly change correlation
- **0.20** 12-month change correlation
- **1.29** fitted elasticity

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