Nitric acid and Urea

Their prices have moved together.

Nitric acid (chemical) and Urea (chemical): 1 relationship.

How they are linked

1. Price link: competing nitrogen product

Cost and price · Strong · Both ways

Urea and nitric acid products like ammonium nitrate are rival nitrogen fertilisers made from the same ammonia. Prices move together over a year: monthly moves correlate at 0.27 and yearly moves at 0.82.

• 0.27 monthly change correlation
• 0.82 12-month change correlation
• 0.61 fitted elasticity

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