Commodity ratio · live
Cotton to Magnesium Ratio
The cotton to magnesium ratio is 0.7445 — Cotton at $1.87 per kilogram divided by Magnesium at $2.52 per kilogram.
Magnesium is quoted in CNY, so that leg is converted to US dollars at the live mid-market rate before dividing; cotton is quoted per pound and magnesium per metric ton, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Prices as of Sep 21, 2026, 11:22 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cotton to Magnesium ratio
1.000 kg of cotton = 0.7445 kg of magnesium
Inverse (MG/CT): 1.343 — one kilogram of magnesium buys that much cotton.
Cotton
$1.87
per kilogram
Magnesium
$2.52
per kilogram
quoted CNY 16,850.00 per Metric Ton
Unit basis: USD per kilogram ÷ USD per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number. Prices as of Mon, 21 Sep 2026 23:22:47 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Magnesium is quoted in CNY, so that leg is converted to US dollars at the live mid-market rate before dividing; cotton is quoted per pound and magnesium per metric ton, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
The chart and range statistics need a daily CNY to US dollar rate to put both legs on one currency across the year. That rate is unavailable right now, so only the live ratio is published — an old price converted at today's rate would draw currency moves as commodity moves.
Cotton to Magnesium ratio charts
Pick a range once — it applies to the CT/MG ratio line, the OHLC candles and the Cotton / Magnesium price chart below.
CT/MG ratio line
How many kg of Magnesium one kg of Cotton buys, over 1Y.
The chart and range statistics need a daily CNY to US dollar rate to put both legs on one currency across the year. That rate is unavailable right now, so only the live ratio is published — an old price converted at today's rate would draw currency moves as commodity moves.
CT/MG ratio candles
Open, high, low and close of the CT/MG ratio for each period in the last 1Y.
The chart and range statistics need a daily CNY to US dollar rate to put both legs on one currency across the year. That rate is unavailable right now, so only the live ratio is published — an old price converted at today's rate would draw currency moves as commodity moves.
Cotton and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
The chart and range statistics need a daily CNY to US dollar rate to put both legs on one currency across the year. That rate is unavailable right now, so only the live ratio is published — an old price converted at today's rate would draw currency moves as commodity moves.
How to calculate the cotton to magnesium ratio
Cotton to Magnesium ratio = Cotton price in USD per kilogram ÷ Magnesium price in USD per kilogram
Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
Magnesium is quoted in CNY, so that leg is converted to US dollars at the live mid-market rate before dividing; cotton is quoted per pound and magnesium per metric ton, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $1.87 per kilogram ÷ $2.52 per kilogram = 0.7445. The inverse is 1.343.
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 | 4330.27 |
| 2 | XAG | Silver | 65.83 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 91.57 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 100.17 |
| 5 | NG-FUT | Natural Gas Futures | 2.92 |
| 6 | PL | 1819.82 | |
| 7 | PA | 1298.70 |
Frequently asked questions
What is the cotton to magnesium ratio today?
The cotton to magnesium ratio is 0.7445 — Cotton at $1.87 per kilogram divided by Magnesium at $2.52 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram, converted at the live mid-market FX rate.
How do you calculate the cotton to magnesium ratio?
Divide the cotton price per kilogram by the magnesium price per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
What is the inverse of the cotton to magnesium ratio?
The inverse, magnesium to cotton, is 1.343 — how many kilograms of cotton one kilogram of magnesium buys.