Commodity ratio · live
Cocoa to Steel Ratio
The cocoa to steel ratio is 1.932 — Cocoa at $5,923.18 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:20 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cocoa to Steel ratio
1.000 T of cocoa = 1.932 T of steel
Inverse (STEEL/CC): 0.5176 — one Metric Ton of steel buys that much cocoa.
Above its 1 year average. (71th percentile of the last 1 year)
Cocoa
$5,923.18
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of cocoa. Prices as of Mon, 24 Aug 2026 11:20:38 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
1.617
median 1.675
1Y low
0.0002929
Nov 25, 2025
1Y high
2.600
Aug 24, 2025
Normal band
1.172–2.062
mean ± 1 std dev
Deviation from mean
+0.71σ
318 observations
Cocoa to Steel ratio charts
Pick a range once — it applies to the CC/STEEL ratio line, the OHLC candles and the Cocoa / Steel price chart below.
CC/STEEL ratio line
How many T of Steel one T of Cocoa buys, over 1Y.
CC/STEEL ratio candles
Open, high, low and close of the CC/STEEL ratio for each period in the last 1Y.
Cocoa and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cocoa to steel ratio
Cocoa to Steel ratio = Cocoa price per Metric Ton ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Metric Ton of cocoa — rather than a plain count.
Worked example, live prices: $5,923.18 ÷ $3,066.00 = 1.932. The inverse is 0.5176.
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 cocoa to steel ratio today?
The cocoa to steel ratio is 1.932 — Cocoa at $5,923.18 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the cocoa to steel ratio?
Divide the cocoa price per Metric Ton by the steel 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 steel per Metric Ton of cocoa.
What is the inverse of the cocoa to steel ratio?
The inverse, steel to cocoa, is 0.5176 — how many Metric Tons of cocoa one Metric Ton of steel buys.