Commodity ratio · live
Magnesium to Natural Gas Futures Ratio
The magnesium to natural gas futures ratio is 6123 — Magnesium at $16,900.00 per Metric Ton divided by Natural Gas Futures at $2.76 per Million British Thermal Units.
Prices as of Aug 24, 2026, 10:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Natural Gas Futures ratio
1.000 T of magnesium = 6,123.2 MMBtu of natural gas futures
Inverse (NG-FUT/MG): 0.0001633 — one Million British Thermal Units of natural gas futures buys that much magnesium.
Above its 1 year average. (79th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Natural Gas Futures
$2.76
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 futures per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 10:31:30 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
5368
median 5571
1Y low
2544
Jan 25, 2026
1Y high
7100
Apr 24, 2026
Normal band
4427–6309
mean ± 1 std dev
Deviation from mean
+0.80σ
346 observations
Magnesium to Natural Gas Futures ratio charts
Pick a range once — it applies to the MG/NG-FUT ratio line, the OHLC candles and the Magnesium / Natural Gas Futures price chart below.
MG/NG-FUT ratio line
How many MMBtu of Natural Gas Futures one T of Magnesium buys, over 1Y.
MG/NG-FUT ratio candles
Open, high, low and close of the MG/NG-FUT ratio for each period in the last 1Y.
Magnesium and Natural Gas 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 natural gas futures ratio
Magnesium to Natural Gas Futures ratio = Magnesium price per Metric Ton ÷ Natural Gas Futures 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 futures per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $2.76 = 6123. The inverse is 0.0001633.
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 natural gas futures ratio today?
The magnesium to natural gas futures ratio is 6123 — Magnesium at $16,900.00 per Metric Ton divided by Natural Gas Futures at $2.76 per Million British Thermal Units, from live mid-market prices.
How do you calculate the magnesium to natural gas futures ratio?
Divide the magnesium price per Metric Ton by the natural gas futures 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 futures per Metric Ton of magnesium.
What is the inverse of the magnesium to natural gas futures ratio?
The inverse, natural gas futures to magnesium, is 0.0001633 — how many Metric Tons of magnesium one Million British Thermal Units of natural gas futures buys.