Commodity ratio · live
Gas Oil to Magnesium Ratio
The gas oil to magnesium ratio is 0.07442 — Gas Oil at $1,257.70 per 100 Tonnes divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:25 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Gas Oil to Magnesium ratio
1.000 100 T of gas oil = 0.07442 T of magnesium
Inverse (MG/LGO): 13.44 — one Metric Ton of magnesium buys that much gas oil.
Near the top of its 1 year range — historically stretched. (97th percentile of the last 1 year)
Gas Oil
$1,257.70
per 100 Tonnes
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per 100 Tonnes ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per 100 Tonnes of gas oil. Prices as of Mon, 24 Aug 2026 10:25:36 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
0.05135
median 0.04290
1Y low
0.03433
Jan 8, 2026
1Y high
0.07879
Apr 2, 2026
Normal band
0.03760–0.06509
mean ± 1 std dev
Deviation from mean
+1.68σ
306 observations
Gas Oil to Magnesium ratio charts
Pick a range once — it applies to the LGO/MG ratio line, the OHLC candles and the Gas Oil / Magnesium price chart below.
LGO/MG ratio line
How many T of Magnesium one 100 T of Gas Oil buys, over 1Y.
LGO/MG ratio candles
Open, high, low and close of the LGO/MG ratio for each period in the last 1Y.
Gas Oil 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 gas oil to magnesium ratio
Gas Oil to Magnesium ratio = Gas Oil price per 100 Tonnes ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per 100 Tonnes of gas oil — rather than a plain count.
Worked example, live prices: $1,257.70 ÷ $16,900.00 = 0.07442. The inverse is 13.44.
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 gas oil to magnesium ratio today?
The gas oil to magnesium ratio is 0.07442 — Gas Oil at $1,257.70 per 100 Tonnes divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the gas oil to magnesium ratio?
Divide the gas oil price per 100 Tonnes 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 100 Tonnes of gas oil.
What is the inverse of the gas oil to magnesium ratio?
The inverse, magnesium to gas oil, is 13.44 — how many 100 Tonness of gas oil one Metric Ton of magnesium buys.