Commodity ratio · live
Heating Oil Futures to Magnesium Ratio
The heating oil futures to magnesium ratio is 0.0002598 — Heating Oil Futures at $4.39 per Gallan divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:32 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Magnesium ratio
1.000 Gal of heating oil futures = 0.0002598 T of magnesium
Inverse (MG/HO-FUT): 3850 — one Metric Ton of magnesium buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (97th percentile of the last 1 year)
Heating Oil Futures
$4.39
per Gallan
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Gallan ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 11:32:08 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
0.0001812
median 0.0001836
1Y low
0.0001182
Jan 7, 2026
1Y high
0.0002702
Aug 21, 2026
Normal band
0.0001347–0.0002277
mean ± 1 std dev
Deviation from mean
+1.69σ
323 observations
Heating Oil Futures to Magnesium ratio charts
Pick a range once — it applies to the HO-FUT/MG ratio line, the OHLC candles and the Heating Oil Futures / Magnesium price chart below.
HO-FUT/MG ratio line
How many T of Magnesium one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/MG ratio candles
Open, high, low and close of the HO-FUT/MG ratio for each period in the last 1Y.
Heating Oil Futures and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the heating oil futures to magnesium ratio
Heating Oil Futures to Magnesium ratio = Heating Oil Futures price per Gallan ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.39 ÷ $16,900.00 = 0.0002598. The inverse is 3850.
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 heating oil futures to magnesium ratio today?
The heating oil futures to magnesium ratio is 0.0002598 — Heating Oil Futures at $4.39 per Gallan divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to magnesium ratio?
Divide the heating oil futures price per Gallan by the magnesium 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 magnesium per Gallan of heating oil futures.
What is the inverse of the heating oil futures to magnesium ratio?
The inverse, magnesium to heating oil futures, is 3850 — how many Gallans of heating oil futures one Metric Ton of magnesium buys.