Commodity ratio · live
Magnesium to Gas Oil Ratio
The magnesium to gas oil ratio is 13.44 — Magnesium at $16,900.00 per Metric Ton divided by Gas Oil at $1,257.70 per 100 Tonnes.
Prices as of Aug 24, 2026, 10:25 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Gas Oil ratio
1.000 T of magnesium = 13.437 100 T of gas oil
Inverse (LGO/MG): 0.07442 — one 100 Tonnes of gas oil 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
Gas Oil
$1,257.70
per 100 Tonnes
Unit basis: CNY per Metric Ton ÷ USD per 100 Tonnes. The ratio reads as 100 Tonness of gas oil per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 10:25:37 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
20.86
median 23.31
1Y low
12.69
Apr 2, 2026
1Y high
29.13
Jan 8, 2026
Normal band
15.62–26.10
mean ± 1 std dev
Deviation from mean
-1.42σ
306 observations
Magnesium to Gas Oil ratio charts
Pick a range once — it applies to the MG/LGO ratio line, the OHLC candles and the Magnesium / Gas Oil price chart below.
MG/LGO ratio line
How many 100 T of Gas Oil one T of Magnesium buys, over 1Y.
MG/LGO ratio candles
Open, high, low and close of the MG/LGO ratio for each period in the last 1Y.
Magnesium and Gas Oil 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 gas oil ratio
Magnesium to Gas Oil ratio = Magnesium price per Metric Ton ÷ Gas Oil price per 100 Tonnes
The two legs use different units, so the result is a rate — 100 Tonness of gas oil per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $1,257.70 = 13.44. The inverse is 0.07442.
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 magnesium to gas oil ratio today?
The magnesium to gas oil ratio is 13.44 — Magnesium at $16,900.00 per Metric Ton divided by Gas Oil at $1,257.70 per 100 Tonnes, from live mid-market prices.
How do you calculate the magnesium to gas oil ratio?
Divide the magnesium price per Metric Ton by the gas oil price per 100 Tonnes. If the two units differ, the result is a rate rather than a plain count — read it as 100 Tonness of gas oil per Metric Ton of magnesium.
What is the inverse of the magnesium to gas oil ratio?
The inverse, gas oil to magnesium, is 0.07442 — how many Metric Tons of magnesium one 100 Tonnes of gas oil buys.