Commodity ratio · live
Magnesium to Propane Ratio
The magnesium to propane ratio is 22533 — Magnesium at $16,900.00 per Metric Ton divided by Propane at $0.7500 per Gallon.
Prices as of Aug 24, 2026, 12:09 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Propane ratio
1.000 T of magnesium = 22,533.3 Gal of propane
Inverse (PROP/MG): 0.00004438 — one Gallon of propane buys that much magnesium.
Below its 1 year average. (22th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Propane
$0.7500
per Gallon
Unit basis: CNY per Metric Ton ÷ USD per Gallon. The ratio reads as Gallons of propane per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 12:09:03 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
24423
median 24638
1Y low
19341
May 4, 2026
1Y high
29098
Jan 16, 2026
Normal band
22248–26598
mean ± 1 std dev
Deviation from mean
-0.87σ
355 observations
Magnesium to Propane ratio charts
Pick a range once — it applies to the MG/PROP ratio line, the OHLC candles and the Magnesium / Propane price chart below.
MG/PROP ratio line
How many Gal of Propane one T of Magnesium buys, over 1Y.
MG/PROP ratio candles
Open, high, low and close of the MG/PROP ratio for each period in the last 1Y.
Magnesium and Propane 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 propane ratio
Magnesium to Propane ratio = Magnesium price per Metric Ton ÷ Propane price per Gallon
The two legs use different units, so the result is a rate — Gallons of propane per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $0.7500 = 22533. The inverse is 0.00004438.
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 propane ratio today?
The magnesium to propane ratio is 22533 — Magnesium at $16,900.00 per Metric Ton divided by Propane at $0.7500 per Gallon, from live mid-market prices.
How do you calculate the magnesium to propane ratio?
Divide the magnesium price per Metric Ton by the propane price per Gallon. If the two units differ, the result is a rate rather than a plain count — read it as Gallons of propane per Metric Ton of magnesium.
What is the inverse of the magnesium to propane ratio?
The inverse, propane to magnesium, is 0.00004438 — how many Metric Tons of magnesium one Gallon of propane buys.