Commodity ratio · live
Magnesium to Nickel Futures Ratio
The magnesium to nickel futures ratio is 0.9937 — Magnesium at $16,900.00 per Metric Ton divided by Nickel Futures at $17,007.88 per Metric Ton.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Nickel Futures ratio
1.000 T of magnesium = 0.9937 T of nickel futures
Inverse (NICKEL-FUT/MG): 1.006 — one Metric Ton of nickel futures buys that much magnesium.
Close to the middle of its 1 year range. (31th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Nickel Futures
$17,007.88
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of nickel futures per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:34:41 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
1.045
median 1.021
1Y low
0.8820
May 5, 2026
1Y high
1.226
Aug 25, 2025
Normal band
0.9615–1.129
mean ± 1 std dev
Deviation from mean
-0.62σ
358 observations
Magnesium to Nickel Futures ratio charts
Pick a range once — it applies to the MG/NICKEL-FUT ratio line, the OHLC candles and the Magnesium / Nickel Futures price chart below.
MG/NICKEL-FUT ratio line
How many T of Nickel Futures one T of Magnesium buys, over 1Y.
MG/NICKEL-FUT ratio candles
Open, high, low and close of the MG/NICKEL-FUT ratio for each period in the last 1Y.
Magnesium and Nickel 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 nickel futures ratio
Magnesium to Nickel Futures ratio = Magnesium price per Metric Ton ÷ Nickel Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of nickel futures per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $17,007.88 = 0.9937. The inverse is 1.006.
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 nickel futures ratio today?
The magnesium to nickel futures ratio is 0.9937 — Magnesium at $16,900.00 per Metric Ton divided by Nickel Futures at $17,007.88 per Metric Ton, from live mid-market prices.
How do you calculate the magnesium to nickel futures ratio?
Divide the magnesium price per Metric Ton by the nickel futures price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of nickel futures per Metric Ton of magnesium.
What is the inverse of the magnesium to nickel futures ratio?
The inverse, nickel futures to magnesium, is 1.006 — how many Metric Tons of magnesium one Metric Ton of nickel futures buys.