Commodity ratio · live
Bitumen to Magnesium Ratio
The bitumen to magnesium ratio is 0.2689 — Bitumen at $4,544.00 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:16 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Bitumen to Magnesium ratio
1.000 T of bitumen = 0.2689 T of magnesium
Inverse (MG/BIT): 3.719 — one Metric Ton of magnesium buys that much bitumen.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Bitumen
¥4,544.00
per Metric Ton
Magnesium
¥16,900.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Metric Ton of bitumen. Prices as of Mon, 24 Aug 2026 11:16:07 GMT.
1Y average
0.2128
median 0.1965
1Y low
0.1697
Dec 2, 2025
1Y high
0.2714
Aug 20, 2026
Normal band
0.1829–0.2426
mean ± 1 std dev
Deviation from mean
+1.88σ
308 observations
Bitumen to Magnesium ratio charts
Pick a range once — it applies to the BIT/MG ratio line, the OHLC candles and the Bitumen / Magnesium price chart below.
BIT/MG ratio line
How many T of Magnesium one T of Bitumen buys, over 1Y.
BIT/MG ratio candles
Open, high, low and close of the BIT/MG ratio for each period in the last 1Y.
Bitumen 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 bitumen to magnesium ratio
Bitumen to Magnesium ratio = Bitumen price per Metric Ton ÷ Magnesium price per Metric Ton
Both legs share the same unit, so the result is a plain unitless number, directly comparable across time.
Worked example, live prices: $4,544.00 ÷ $16,900.00 = 0.2689. The inverse is 3.719.
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 magnesium ratio today?
The bitumen to magnesium ratio is 0.2689 — Bitumen at $4,544.00 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the bitumen to magnesium ratio?
Divide the bitumen 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 bitumen.
What is the inverse of the bitumen to magnesium ratio?
The inverse, magnesium to bitumen, is 3.719 — how many Metric Tons of bitumen one Metric Ton of magnesium buys.