Commodity ratio · live

Cotton to Nickel Futures Ratio

The cotton to nickel futures ratio is 0.1152 Cotton at $1.87 per kilogram divided by Nickel Futures at $16.27 per kilogram.

Cotton is quoted per pound and nickel futures 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, 3:31 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.

Pound
CT · USD per Pound
NICKEL-FUT · USD per Metric Ton

Cotton to Nickel Futures ratio

0.1152+18.62% / 1Y

1.000 kg of cotton = 0.1152 kg of nickel futures

Inverse (NICKEL-FUT/CT): 8.680 — one kilogram of nickel futures buys that much cotton.

Near the top of its 1 year range — historically stretched. (92th percentile of the last 1 year)

Cotton

$1.87

per kilogram

Nickel Futures

$16.27

per kilogram

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 15:31:16 GMT.

Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.

Cotton is quoted per pound and nickel futures per metric ton, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.

1Y average

0.09575

median 0.09539

1Y low

0.07437

Jan 27, 2026

1Y high

0.1260

Aug 31, 2026

Normal band

0.08535–0.1062

mean ± 1 std dev

Deviation from mean

+1.87σ

251 observations

Cotton to Nickel Futures ratio charts

Pick a range once — it applies to the CT/NICKEL-FUT ratio line, the OHLC candles and the Cotton / Nickel Futures price chart below.

CT/NICKEL-FUT ratio line

How many kg of Nickel Futures one kg of Cotton buys, over 1Y.

CT/NICKEL-FUT ratio candles

Open, high, low and close of the CT/NICKEL-FUT ratio for each period in the last 1Y.

Cotton and Nickel Futures prices

Both legs of the ratio on their own axes, so you can see which one moved over 1Y.

How to calculate the cotton to nickel futures ratio

Cotton to Nickel Futures ratio = Cotton price in USD per kilogram ÷ Nickel Futures 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.

Cotton is quoted per pound and nickel futures 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 ÷ $16.27 per kilogram = 0.1152. The inverse is 8.680.

Live prices behind the ratio

#SymbolNameRate (USD)
1XAUGold4352.68
2XAGSilver66.22
3WTIOIL-FUTCrude Oil WTI Futures95.37
4BRENTOIL-FUTCrude Oil Brent Futures100.08
5NG-FUTNatural Gas Futures2.82
6PLPlatinum1813.14
7PAPalladium1317.80

Frequently asked questions

What is the cotton to nickel futures ratio today?

The cotton to nickel futures ratio is 0.1152 — Cotton at $1.87 per kilogram divided by Nickel Futures at $16.27 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.

How do you calculate the cotton to nickel futures ratio?

Divide the cotton price per kilogram by the nickel futures 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 nickel futures ratio?

The inverse, nickel futures to cotton, is 8.680 — how many kilograms of cotton one kilogram of nickel futures buys.