Commodity ratio · live
Lead Futures to Magnesium Ratio
The lead futures to magnesium ratio is 0.1130 — Lead Futures at $1,909.83 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lead Futures to Magnesium ratio
1.000 T of lead futures = 0.1130 T of magnesium
Inverse (MG/LEAD-FUT): 8.849 — one Metric Ton of magnesium buys that much lead futures.
Close to the middle of its 1 year range. (46th percentile of the last 1 year)
Lead Futures
$1,909.83
per Metric Ton
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Metric Ton of lead futures. Prices as of Mon, 24 Aug 2026 10:28:11 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
0.1137
median 0.1133
1Y low
0.1032
Mar 31, 2026
1Y high
0.1231
Nov 9, 2025
Normal band
0.1098–0.1176
mean ± 1 std dev
Deviation from mean
-0.17σ
342 observations
Lead Futures to Magnesium ratio charts
Pick a range once — it applies to the LEAD-FUT/MG ratio line, the OHLC candles and the Lead Futures / Magnesium price chart below.
LEAD-FUT/MG ratio line
How many T of Magnesium one T of Lead Futures buys, over 1Y.
LEAD-FUT/MG ratio candles
Open, high, low and close of the LEAD-FUT/MG ratio for each period in the last 1Y.
Lead 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 lead futures to magnesium ratio
Lead Futures to Magnesium ratio = Lead Futures price per Metric Ton ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Metric Ton of lead futures — rather than a plain count.
Worked example, live prices: $1,909.83 ÷ $16,900.00 = 0.1130. The inverse is 8.849.
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 lead futures to magnesium ratio today?
The lead futures to magnesium ratio is 0.1130 — Lead Futures at $1,909.83 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the lead futures to magnesium ratio?
Divide the lead futures price per Metric Ton 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 Metric Ton of lead futures.
What is the inverse of the lead futures to magnesium ratio?
The inverse, magnesium to lead futures, is 8.849 — how many Metric Tons of lead futures one Metric Ton of magnesium buys.