# Refining and reforming and Sulfur

Their prices have moved together.

Source page: https://www.materialinsights.org/links/refining-and-reforming-and-sulfur/

[Refining and reforming](https://www.materialinsights.org/energy/e_refining/) (energy) and [Sulfur](https://www.materialinsights.org/commodities/sulfur/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: by-product source

*Cost and price · Moderate · Both ways*

Refineries strip sulphur from fuels to meet clean-fuel rules, so sulphur output rises with refinery runs whatever its price. Against the US refinery index the acid proxy correlates at 0.28 monthly and 0.57 yearly, a weak tie because refining sets sulphur supply, not demand.

- **0.28** monthly change correlation
- **0.57** 12-month change correlation
- **0.48** fitted elasticity

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