Commodity ratio · live
Copper Futures to Natural Gas Futures Ratio
The copper futures to natural gas futures ratio is 2.384 — Copper Futures at $6.58 per Pound divided by Natural Gas Futures at $2.76 per Million British Thermal Units.
Prices as of Aug 24, 2026, 10:37 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Copper Futures to Natural Gas Futures ratio
1.000 Lb of copper futures = 2.384 MMBtu of natural gas futures
Inverse (NG-FUT/HG-FUT): 0.4195 — one Million British Thermal Units of natural gas futures buys that much copper futures.
Near the top of its 1 year range — historically stretched. (95th percentile of the last 1 year)
Copper Futures
$6.58
per Pound
Natural Gas Futures
$2.76
per Million British Thermal Units
Unit basis: USD per Pound ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Pound of copper futures. Prices as of Mon, 24 Aug 2026 10:37:59 GMT.
1Y average
1.804
median 1.869
1Y low
0.8772
Jan 25, 2026
1Y high
2.573
Aug 6, 2026
Normal band
1.411–2.196
mean ± 1 std dev
Deviation from mean
+1.48σ
333 observations
Copper Futures to Natural Gas Futures ratio charts
Pick a range once — it applies to the HG-FUT/NG-FUT ratio line, the OHLC candles and the Copper Futures / Natural Gas Futures price chart below.
HG-FUT/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one Lb of Copper Futures buys, over 1Y.
HG-FUT/NG-FUT ratio candles
Open, high, low and close of the HG-FUT/NG-FUT ratio for each period in the last 1Y.
Copper Futures 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 copper futures to natural gas futures ratio
Copper Futures to Natural Gas Futures ratio = Copper Futures price per Pound ÷ 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 Pound of copper futures — rather than a plain count.
Worked example, live prices: $6.58 ÷ $2.76 = 2.384. The inverse is 0.4195.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the copper futures to natural gas futures ratio today?
The copper futures to natural gas futures ratio is 2.384 — Copper Futures at $6.58 per Pound divided by Natural Gas Futures at $2.76 per Million British Thermal Units, from live mid-market prices.
How do you calculate the copper futures to natural gas futures ratio?
Divide the copper futures price per Pound 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 Pound of copper futures.
What is the inverse of the copper futures to natural gas futures ratio?
The inverse, natural gas futures to copper futures, is 0.4195 — how many Pounds of copper futures one Million British Thermal Units of natural gas futures buys.