Material Insights · Understanding the Material World

Thermal coal and Tobacco

Their prices have moved together.

Thermal coal (energy) and Tobacco (commodity): 1 relationship.

How they are linked

1. Price link: energy cost

Cost and price · Weak · Both ways

Flue-cured tobacco is dried in heated barns, often fired by coal in India and China. Coal is a real curing cost, but the US import value series shows almost no link, slightly negative: monthly moves correlate at minus 0.10.

  • -0.10 monthly change correlation
  • -0.27 12-month change correlation
  • 0.11 fitted elasticity

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