Commodity ratio · live
Cobalt to Natural Gas Futures Ratio
The cobalt to natural gas futures ratio is 20104 — Cobalt at $56,290.00 per Metric Ton divided by Natural Gas Futures at $2.80 per Million British Thermal Units.
Prices as of Aug 24, 2026, 11:29 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cobalt to Natural Gas Futures ratio
1.000 T of cobalt = 20,103.6 MMBtu of natural gas futures
Inverse (NG-FUT/COB): 0.00004974 — one Million British Thermal Units of natural gas futures buys that much cobalt.
Above its 1 year average. (83th percentile of the last 1 year)
Cobalt
$56,290.00
per Metric Ton
Natural Gas Futures
$2.80
per Million British Thermal Units
Unit basis: USD per Metric Ton ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Metric Ton of cobalt. Prices as of Mon, 24 Aug 2026 11:29:04 GMT.
1Y average
16231
median 17427
1Y low
8327
Jan 25, 2026
1Y high
22516
Apr 24, 2026
Normal band
12491–19972
mean ± 1 std dev
Deviation from mean
+1.04σ
351 observations
Cobalt to Natural Gas Futures ratio charts
Pick a range once — it applies to the COB/NG-FUT ratio line, the OHLC candles and the Cobalt / Natural Gas Futures price chart below.
COB/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one T of Cobalt buys, over 1Y.
COB/NG-FUT ratio candles
Open, high, low and close of the COB/NG-FUT ratio for each period in the last 1Y.
Cobalt and Natural Gas Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cobalt to natural gas futures ratio
Cobalt to Natural Gas Futures ratio = Cobalt price per Metric Ton ÷ Natural Gas Futures price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas futures per Metric Ton of cobalt — rather than a plain count.
Worked example, live prices: $56,290.00 ÷ $2.80 = 20104. The inverse is 0.00004974.
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 cobalt to natural gas futures ratio today?
The cobalt to natural gas futures ratio is 20104 — Cobalt at $56,290.00 per Metric Ton divided by Natural Gas Futures at $2.80 per Million British Thermal Units, from live mid-market prices.
How do you calculate the cobalt to natural gas futures ratio?
Divide the cobalt price per Metric Ton by the natural gas futures price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas futures per Metric Ton of cobalt.
What is the inverse of the cobalt to natural gas futures ratio?
The inverse, natural gas futures to cobalt, is 0.00004974 — how many Metric Tons of cobalt one Million British Thermal Units of natural gas futures buys.