Commodity ratio · live
Magnesium to Bitumen Ratio
The magnesium to bitumen ratio is 3.719 — Magnesium at $16,900.00 per Metric Ton divided by Bitumen at $4,544.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:16 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Bitumen ratio
1.000 T of magnesium = 3.719 T of bitumen
Inverse (BIT/MG): 0.2689 — one Metric Ton of bitumen buys that much magnesium.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Bitumen
¥4,544.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of bitumen per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:16:07 GMT.
1Y average
4.792
median 5.089
1Y low
3.685
Aug 20, 2026
1Y high
5.891
Dec 2, 2025
Normal band
4.136–5.448
mean ± 1 std dev
Deviation from mean
-1.64σ
308 observations
Magnesium to Bitumen ratio charts
Pick a range once — it applies to the MG/BIT ratio line, the OHLC candles and the Magnesium / Bitumen price chart below.
MG/BIT ratio line
How many T of Bitumen one T of Magnesium buys, over 1Y.
MG/BIT ratio candles
Open, high, low and close of the MG/BIT ratio for each period in the last 1Y.
Magnesium 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 magnesium to bitumen ratio
Magnesium to Bitumen ratio = Magnesium price per Metric Ton ÷ Bitumen price per Metric Ton
Both legs share the same unit, so the result is a plain unitless number, directly comparable across time.
Worked example, live prices: $16,900.00 ÷ $4,544.00 = 3.719. The inverse is 0.2689.
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 bitumen ratio today?
The magnesium to bitumen ratio is 3.719 — Magnesium at $16,900.00 per Metric Ton divided by Bitumen at $4,544.00 per Metric Ton, from live mid-market prices.
How do you calculate the magnesium to bitumen ratio?
Divide the magnesium 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 magnesium.
What is the inverse of the magnesium to bitumen ratio?
The inverse, bitumen to magnesium, is 0.2689 — how many Metric Tons of magnesium one Metric Ton of bitumen buys.