# Natural gas and Titanium dioxide

Their prices have moved together.

Source page: https://www.materialinsights.org/links/natural-gas-and-titanium-dioxide/

[Natural gas](https://www.materialinsights.org/energy/natural_gas/) (energy) and [Titanium dioxide](https://www.materialinsights.org/chemicals/titanium_dioxide/) (chemical): 1 relationship.

## How they are linked

### 1. Price link: energy cost

*Cost and price · Moderate · Both ways*

Both processes need a lot of heat for calcining and burning, so gas prices affect costs, especially in Europe. Monthly moves correlate at 0.05 and yearly moves at 0.37, a slow cost link through long supply contracts.

- **0.05** monthly change correlation
- **0.37** 12-month change correlation
- **0.14** fitted elasticity

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