Commodity ratio · live
Bitumen to Iron Ore Ratio
The bitumen to iron ore ratio is 44.72 — Bitumen at $4,544.00 per Metric Ton divided by Iron Ore at $101.60 per Metric Ton.
Prices as of Aug 24, 2026, 11:18 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Bitumen to Iron Ore ratio
1.000 T of bitumen = 44.724 T of iron ore
Inverse (IORECR/BIT): 0.02236 — one Metric Ton of iron ore buys that much bitumen.
Bitumen
¥4,544.00
per Metric Ton
Iron Ore
$101.60
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of iron ore per Metric Ton of bitumen. Prices as of Mon, 24 Aug 2026 11:18:46 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
Bitumen to Iron Ore ratio charts
Pick a range once — it applies to the BIT/IORECR ratio line, the OHLC candles and the Bitumen / Iron Ore price chart below.
BIT/IORECR ratio line
How many T of Iron Ore one T of Bitumen buys, over 1Y.
No overlapping history for BIT/IORECR over 1Y. Try a longer range.
BIT/IORECR ratio candles
Open, high, low and close of the BIT/IORECR ratio for each period in the last 1Y.
No overlapping history for BIT/IORECR over 1Y. Try a longer range.
Bitumen and Iron Ore prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the bitumen to iron ore ratio
Bitumen to Iron Ore ratio = Bitumen price per Metric Ton ÷ Iron Ore price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of iron ore per Metric Ton of bitumen — rather than a plain count.
Worked example, live prices: $4,544.00 ÷ $101.60 = 44.72. The inverse is 0.02236.
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 bitumen to iron ore ratio today?
The bitumen to iron ore ratio is 44.72 — Bitumen at $4,544.00 per Metric Ton divided by Iron Ore at $101.60 per Metric Ton, from live mid-market prices.
How do you calculate the bitumen to iron ore ratio?
Divide the bitumen price per Metric Ton by the iron ore 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 iron ore per Metric Ton of bitumen.
What is the inverse of the bitumen to iron ore ratio?
The inverse, iron ore to bitumen, is 0.02236 — how many Metric Tons of bitumen one Metric Ton of iron ore buys.