Commodity ratio · live
Magnesium to Natural Gas, Europe Ratio
The magnesium to natural gas, europe ratio is 1045 — Magnesium at $16,900.00 per Metric Ton divided by Natural Gas, Europe at $16.17 per Million British Thermal Units.
Prices as of Aug 24, 2026, 12:13 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Natural Gas, Europe ratio
1.000 T of magnesium = 1,045.1 MMBtu of natural gas, europe
Inverse (NG-EU/MG): 0.0009568 — one Million British Thermal Units of natural gas, europe buys that much magnesium.
Magnesium
¥16,900.00
per Metric Ton
Natural Gas, Europe
$16.17
per Million British Thermal Units
Unit basis: CNY per Metric Ton ÷ USD per Million British Thermal Units. The ratio reads as Million British Thermal Unitss of natural gas, europe per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 12:13:18 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.
Magnesium to Natural Gas, Europe ratio charts
Pick a range once — it applies to the MG/NG-EU ratio line, the OHLC candles and the Magnesium / Natural Gas, Europe price chart below.
MG/NG-EU ratio line
How many MMBtu of Natural Gas, Europe one T of Magnesium buys, over 1Y.
No overlapping history for MG/NG-EU over 1Y. Try a longer range.
MG/NG-EU ratio candles
Open, high, low and close of the MG/NG-EU ratio for each period in the last 1Y.
No overlapping history for MG/NG-EU over 1Y. Try a longer range.
Magnesium and Natural Gas, Europe 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 natural gas, europe ratio
Magnesium to Natural Gas, Europe ratio = Magnesium price per Metric Ton ÷ Natural Gas, Europe price per Million British Thermal Units
The two legs use different units, so the result is a rate — Million British Thermal Unitss of natural gas, europe per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $16.17 = 1045. The inverse is 0.0009568.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the magnesium to natural gas, europe ratio today?
The magnesium to natural gas, europe ratio is 1045 — Magnesium at $16,900.00 per Metric Ton divided by Natural Gas, Europe at $16.17 per Million British Thermal Units, from live mid-market prices.
How do you calculate the magnesium to natural gas, europe ratio?
Divide the magnesium price per Metric Ton by the natural gas, europe price per Million British Thermal Units. If the two units differ, the result is a rate rather than a plain count — read it as Million British Thermal Unitss of natural gas, europe per Metric Ton of magnesium.
What is the inverse of the magnesium to natural gas, europe ratio?
The inverse, natural gas, europe to magnesium, is 0.0009568 — how many Metric Tons of magnesium one Million British Thermal Units of natural gas, europe buys.