Commodity ratio · live
Magnesium to Lumber Futures Ratio
The magnesium to lumber futures ratio is 29.47 — Magnesium at $16,900.00 per Metric Ton divided by Lumber Futures at $573.54 per Thousand Board Feet.
Prices as of Aug 24, 2026, 11:24 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Lumber Futures ratio
1.000 T of magnesium = 29.466 Mbf of lumber futures
Inverse (LB-FUT/MG): 0.03394 — one Thousand Board Feet of lumber futures buys that much magnesium.
Close to the middle of its 1 year range. (38th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Lumber Futures
$573.54
per Thousand Board Feet
Unit basis: CNY per Metric Ton ÷ USD per Thousand Board Feet. The ratio reads as Thousand Board Feets of lumber futures per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:24:04 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
29.89
median 29.84
1Y low
25.15
Jul 23, 2026
1Y high
35.26
Sep 7, 2025
Normal band
28.11–31.66
mean ± 1 std dev
Deviation from mean
-0.24σ
334 observations
Magnesium to Lumber Futures ratio charts
Pick a range once — it applies to the MG/LB-FUT ratio line, the OHLC candles and the Magnesium / Lumber Futures price chart below.
MG/LB-FUT ratio line
How many Mbf of Lumber Futures one T of Magnesium buys, over 1Y.
MG/LB-FUT ratio candles
Open, high, low and close of the MG/LB-FUT ratio for each period in the last 1Y.
Magnesium and Lumber 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 lumber futures ratio
Magnesium to Lumber Futures ratio = Magnesium price per Metric Ton ÷ Lumber Futures price per Thousand Board Feet
The two legs use different units, so the result is a rate — Thousand Board Feets of lumber futures per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $573.54 = 29.47. The inverse is 0.03394.
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 lumber futures ratio today?
The magnesium to lumber futures ratio is 29.47 — Magnesium at $16,900.00 per Metric Ton divided by Lumber Futures at $573.54 per Thousand Board Feet, from live mid-market prices.
How do you calculate the magnesium to lumber futures ratio?
Divide the magnesium price per Metric Ton by the lumber futures price per Thousand Board Feet. If the two units differ, the result is a rate rather than a plain count — read it as Thousand Board Feets of lumber futures per Metric Ton of magnesium.
What is the inverse of the magnesium to lumber futures ratio?
The inverse, lumber futures to magnesium, is 0.03394 — how many Metric Tons of magnesium one Thousand Board Feet of lumber futures buys.