Commodity ratio · live
Magnesium to Aluminium Futures Ratio
The magnesium to aluminium futures ratio is 5.216 — Magnesium at $16,900.00 per Metric Ton divided by Aluminium Futures at $3,239.90 per Metric Ton.
Prices as of Aug 24, 2026, 11:28 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Aluminium Futures ratio
1.000 T of magnesium = 5.216 T of aluminium futures
Inverse (AL-FUT/MG): 0.1917 — one Metric Ton of aluminium futures buys that much magnesium.
Below its 1 year average. (28th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Aluminium Futures
$3,239.90
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of aluminium futures per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:28:55 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
5.549
median 5.496
1Y low
4.612
Jun 2, 2026
1Y high
7.041
Aug 24, 2025
Normal band
5.046–6.052
mean ± 1 std dev
Deviation from mean
-0.66σ
342 observations
Magnesium to Aluminium Futures ratio charts
Pick a range once — it applies to the MG/AL-FUT ratio line, the OHLC candles and the Magnesium / Aluminium Futures price chart below.
MG/AL-FUT ratio line
How many T of Aluminium Futures one T of Magnesium buys, over 1Y.
MG/AL-FUT ratio candles
Open, high, low and close of the MG/AL-FUT ratio for each period in the last 1Y.
Magnesium and Aluminium Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the magnesium to aluminium futures ratio
Magnesium to Aluminium Futures ratio = Magnesium price per Metric Ton ÷ Aluminium Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of aluminium futures per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $3,239.90 = 5.216. The inverse is 0.1917.
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 magnesium to aluminium futures ratio today?
The magnesium to aluminium futures ratio is 5.216 — Magnesium at $16,900.00 per Metric Ton divided by Aluminium Futures at $3,239.90 per Metric Ton, from live mid-market prices.
How do you calculate the magnesium to aluminium futures ratio?
Divide the magnesium price per Metric Ton by the aluminium futures 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 aluminium futures per Metric Ton of magnesium.
What is the inverse of the magnesium to aluminium futures ratio?
The inverse, aluminium futures to magnesium, is 0.1917 — how many Metric Tons of magnesium one Metric Ton of aluminium futures buys.