Commodity ratio · live
Iron Ore to Bitumen Ratio
The iron ore to bitumen ratio is 0.02236 — Iron Ore at $101.60 per Metric Ton divided by Bitumen at $4,544.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:18 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Iron Ore to Bitumen ratio
1.000 T of iron ore = 0.02236 T of bitumen
Inverse (BIT/IORECR): 44.72 — one Metric Ton of bitumen buys that much iron ore.
Iron Ore
$101.60
per Metric Ton
Bitumen
¥4,544.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of bitumen per Metric Ton of iron ore. Prices as of Mon, 24 Aug 2026 11:18:46 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.
Iron Ore to Bitumen ratio charts
Pick a range once — it applies to the IORECR/BIT ratio line, the OHLC candles and the Iron Ore / Bitumen price chart below.
IORECR/BIT ratio line
How many T of Bitumen one T of Iron Ore buys, over 1Y.
No overlapping history for IORECR/BIT over 1Y. Try a longer range.
IORECR/BIT ratio candles
Open, high, low and close of the IORECR/BIT ratio for each period in the last 1Y.
No overlapping history for IORECR/BIT over 1Y. Try a longer range.
Iron Ore and Bitumen prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the iron ore to bitumen ratio
Iron Ore to Bitumen ratio = Iron Ore price per Metric Ton ÷ Bitumen price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of bitumen per Metric Ton of iron ore — rather than a plain count.
Worked example, live prices: $101.60 ÷ $4,544.00 = 0.02236. The inverse is 44.72.
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 iron ore to bitumen ratio today?
The iron ore to bitumen ratio is 0.02236 — Iron Ore at $101.60 per Metric Ton divided by Bitumen at $4,544.00 per Metric Ton, from live mid-market prices.
How do you calculate the iron ore to bitumen ratio?
Divide the iron ore price per Metric Ton by the bitumen 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 bitumen per Metric Ton of iron ore.
What is the inverse of the iron ore to bitumen ratio?
The inverse, bitumen to iron ore, is 44.72 — how many Metric Tons of iron ore one Metric Ton of bitumen buys.