Commodity ratio · live
Magnesium to Heating Oil Futures Ratio
The magnesium to heating oil futures ratio is 3850 — Magnesium at $16,900.00 per Metric Ton divided by Heating Oil Futures at $4.39 per Gallan.
Prices as of Aug 24, 2026, 11:32 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Heating Oil Futures ratio
1.000 T of magnesium = 3,849.7 Gal of heating oil futures
Inverse (HO-FUT/MG): 0.0002598 — one Gallan of heating oil futures buys that much magnesium.
Near the bottom of its 1 year range — historically compressed. (3th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Heating Oil Futures
$4.39
per Gallan
Unit basis: CNY per Metric Ton ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:32:07 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
5896
median 5446
1Y low
3700
Aug 21, 2026
1Y high
8463
Jan 7, 2026
Normal band
4404–7389
mean ± 1 std dev
Deviation from mean
-1.37σ
323 observations
Magnesium to Heating Oil Futures ratio charts
Pick a range once — it applies to the MG/HO-FUT ratio line, the OHLC candles and the Magnesium / Heating Oil Futures price chart below.
MG/HO-FUT ratio line
How many Gal of Heating Oil Futures one T of Magnesium buys, over 1Y.
MG/HO-FUT ratio candles
Open, high, low and close of the MG/HO-FUT ratio for each period in the last 1Y.
Magnesium and Heating Oil 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 heating oil futures ratio
Magnesium to Heating Oil Futures ratio = Magnesium price per Metric Ton ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $4.39 = 3850. The inverse is 0.0002598.
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 heating oil futures ratio today?
The magnesium to heating oil futures ratio is 3850 — Magnesium at $16,900.00 per Metric Ton divided by Heating Oil Futures at $4.39 per Gallan, from live mid-market prices.
How do you calculate the magnesium to heating oil futures ratio?
Divide the magnesium price per Metric Ton by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Metric Ton of magnesium.
What is the inverse of the magnesium to heating oil futures ratio?
The inverse, heating oil futures to magnesium, is 0.0002598 — how many Metric Tons of magnesium one Gallan of heating oil futures buys.