# Nitric acid and Urea

Their prices have moved together.

Source page: https://www.materialinsights.org/links/nitric-acid-and-urea/

[Nitric acid](https://www.materialinsights.org/chemicals/nitric_acid/) (chemical) and [Urea](https://www.materialinsights.org/chemicals/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.