Commodity ratio · live
Aluminium Futures to Magnesium Ratio
The aluminium futures to magnesium ratio is 0.1917 — Aluminium Futures at $3,239.90 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Aluminium Futures to Magnesium ratio
1.000 T of aluminium futures = 0.1917 T of magnesium
Inverse (MG/AL-FUT): 5.216 — one Metric Ton of magnesium buys that much aluminium futures.
Above its 1 year average. (72th percentile of the last 1 year)
Aluminium Futures
$3,239.90
per Metric Ton
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Metric Ton of aluminium futures. Prices as of Mon, 24 Aug 2026 11:28:55 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.1816
median 0.1820
1Y low
0.1420
Aug 24, 2025
1Y high
0.2168
Jun 2, 2026
Normal band
0.1658–0.1975
mean ± 1 std dev
Deviation from mean
+0.64σ
342 observations
Aluminium Futures to Magnesium ratio charts
Pick a range once — it applies to the AL-FUT/MG ratio line, the OHLC candles and the Aluminium Futures / Magnesium price chart below.
AL-FUT/MG ratio line
How many T of Magnesium one T of Aluminium Futures buys, over 1Y.
AL-FUT/MG ratio candles
Open, high, low and close of the AL-FUT/MG ratio for each period in the last 1Y.
Aluminium Futures and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the aluminium futures to magnesium ratio
Aluminium Futures to Magnesium ratio = Aluminium Futures price per Metric Ton ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Metric Ton of aluminium futures — rather than a plain count.
Worked example, live prices: $3,239.90 ÷ $16,900.00 = 0.1917. The inverse is 5.216.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the aluminium futures to magnesium ratio today?
The aluminium futures to magnesium ratio is 0.1917 — Aluminium Futures at $3,239.90 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the aluminium futures to magnesium ratio?
Divide the aluminium futures price per Metric Ton by the magnesium price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of magnesium per Metric Ton of aluminium futures.
What is the inverse of the aluminium futures to magnesium ratio?
The inverse, magnesium to aluminium futures, is 5.216 — how many Metric Tons of aluminium futures one Metric Ton of magnesium buys.