Commodity ratio · live
Heating Oil Futures to Polyethylene Ratio
The heating oil futures to polyethylene ratio is 0.0005575 — Heating Oil Futures at $4.38 per Gallan divided by Polyethylene at $7,856.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Polyethylene ratio
1.000 Gal of heating oil futures = 0.0005575 T of polyethylene
Inverse (POL/HO-FUT): 1794 — one Metric Ton of polyethylene buys that much heating oil futures.
Near the top of its 1 year range — historically stretched. (98th percentile of the last 1 year)
Heating Oil Futures
$4.38
per Gallan
Polyethylene
¥7,856.00
per Metric Ton
Unit basis: USD per Gallan ÷ CNY per Metric Ton. The ratio reads as Metric Tons of polyethylene per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 11:27:00 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
0.0004172
median 0.0004263
1Y low
0.0003015
Oct 12, 2025
1Y high
0.0005924
Mar 7, 2026
Normal band
0.0003420–0.0004923
mean ± 1 std dev
Deviation from mean
+1.87σ
306 observations
Heating Oil Futures to Polyethylene ratio charts
Pick a range once — it applies to the HO-FUT/POL ratio line, the OHLC candles and the Heating Oil Futures / Polyethylene price chart below.
HO-FUT/POL ratio line
How many T of Polyethylene one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/POL ratio candles
Open, high, low and close of the HO-FUT/POL ratio for each period in the last 1Y.
Heating Oil Futures and Polyethylene 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 polyethylene ratio
Heating Oil Futures to Polyethylene ratio = Heating Oil Futures price per Gallan ÷ Polyethylene price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of polyethylene per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.38 ÷ $7,856.00 = 0.0005575. The inverse is 1794.
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 polyethylene ratio today?
The heating oil futures to polyethylene ratio is 0.0005575 — Heating Oil Futures at $4.38 per Gallan divided by Polyethylene at $7,856.00 per Metric Ton, from live mid-market prices.
How do you calculate the heating oil futures to polyethylene ratio?
Divide the heating oil futures price per Gallan by the polyethylene 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 polyethylene per Gallan of heating oil futures.
What is the inverse of the heating oil futures to polyethylene ratio?
The inverse, polyethylene to heating oil futures, is 1794 — how many Gallans of heating oil futures one Metric Ton of polyethylene buys.