# Nitrogen (ammonia) and Thermal coal

Their prices have moved together.

Source page: https://www.materialinsights.org/links/nitrogen-ammonia-and-thermal-coal/

[Nitrogen (ammonia)](https://www.materialinsights.org/commodities/nitrogen/) (commodity) and [Thermal coal](https://www.materialinsights.org/energy/thermal_coal/) (energy): 1 relationship.

## How they are linked

### 1. Price link: feedstock in china

*Cost and price · Strong · Both ways*

Much of China's ammonia and urea is made by coal gasification, so coal sets the cost of the world's largest producer, and Beijing's export quotas decide how much reaches world markets. Monthly moves correlate at 0.22 and yearly moves at 0.68.

- **0.22** monthly change correlation
- **0.68** 12-month change correlation
- **0.58** fitted elasticity

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