Commodity ratio · live
Lead Futures to Natural Gas Futures Ratio
The lead futures to natural gas futures ratio is 689.5 — Lead Futures at $1,909.83 per Metric Ton divided by Natural Gas Futures at $2.77 per Million British Thermal Units.
Prices as of Aug 24, 2026, 10:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lead Futures to Natural Gas Futures ratio
1.000 T of lead futures = 689.469 MMBtu of natural gas futures
Inverse (NG-FUT/LEAD-FUT): 0.001450 — one Million British Thermal Units of natural gas futures buys that much lead futures.
Above its 1 year average. (82th percentile of the last 1 year)
Lead Futures
$1,909.83
per Metric Ton
Natural Gas Futures
$2.77
per Million British Thermal Units
Unit basis: USD per Metric Ton ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas futures per Metric Ton of lead futures. Prices as of Mon, 24 Aug 2026 10:34:17 GMT.
1Y average
607.0
median 629.7
1Y low
299.4
Jan 25, 2026
1Y high
789.3
Apr 24, 2026
Normal band
513.8–700.2
mean ± 1 std dev
Deviation from mean
+0.88σ
344 observations
Lead Futures to Natural Gas Futures ratio charts
Pick a range once — it applies to the LEAD-FUT/NG-FUT ratio line, the OHLC candles and the Lead Futures / Natural Gas Futures price chart below.
LEAD-FUT/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one T of Lead Futures buys, over 1Y.
LEAD-FUT/NG-FUT ratio candles
Open, high, low and close of the LEAD-FUT/NG-FUT ratio for each period in the last 1Y.
Lead 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 lead futures to natural gas futures ratio
Lead Futures to Natural Gas Futures ratio = Lead Futures price per Metric Ton ÷ 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 Metric Ton of lead futures — rather than a plain count.
Worked example, live prices: $1,909.83 ÷ $2.77 = 689.5. The inverse is 0.001450.
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 natural gas futures ratio today?
The lead futures to natural gas futures ratio is 689.5 — Lead Futures at $1,909.83 per Metric Ton divided by Natural Gas Futures at $2.77 per Million British Thermal Units, from live mid-market prices.
How do you calculate the lead futures to natural gas futures ratio?
Divide the lead futures price per Metric Ton 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 Metric Ton of lead futures.
What is the inverse of the lead futures to natural gas futures ratio?
The inverse, natural gas futures to lead futures, is 0.001450 — how many Metric Tons of lead futures one Million British Thermal Units of natural gas futures buys.