Natural gas and Potash

Their prices have moved together.

Natural gas (energy) and Potash (commodity): 1 relationship.

How they are linked

1. Price link: energy cost

Cost and price · Strong · Both ways

Drying and processing potash uses gas-fired heat, and gas sets the cost of rival nitrogen fertilisers and so farmers' total fertiliser bill. Monthly moves correlate at 0.17 and yearly moves at 0.66, the latter boosted by the 2022 shock that hit all fertilisers.

• 0.17 monthly change correlation
• 0.66 12-month change correlation
• 0.49 fitted elasticity

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