Commodity ratio · live
Magnesium to Ural Oil Ratio
The magnesium to ural oil ratio is 196.8 — Magnesium at $16,900.00 per Metric Ton divided by Ural Oil at $85.87 per Barrel.
Prices as of Aug 24, 2026, 12:17 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Ural Oil ratio
1.000 T of magnesium = 196.809 Bbl of ural oil
Inverse (URAL-OIL/MG): 0.005081 — one Barrel of ural oil buys that much magnesium.
Below its 1 year average. (23th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Ural Oil
$85.87
per Barrel
Unit basis: CNY per Metric Ton ÷ USD per Barrel. The ratio reads as Barrels of ural oil per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 12:17:50 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
259.1
median 286.2
1Y low
147.4
Apr 8, 2026
1Y high
352.8
Jan 11, 2026
Normal band
199.1–319.1
mean ± 1 std dev
Deviation from mean
-1.04σ
311 observations
Magnesium to Ural Oil ratio charts
Pick a range once — it applies to the MG/URAL-OIL ratio line, the OHLC candles and the Magnesium / Ural Oil price chart below.
MG/URAL-OIL ratio line
How many Bbl of Ural Oil one T of Magnesium buys, over 1Y.
MG/URAL-OIL ratio candles
Open, high, low and close of the MG/URAL-OIL ratio for each period in the last 1Y.
Magnesium and Ural 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 ural oil ratio
Magnesium to Ural Oil ratio = Magnesium price per Metric Ton ÷ Ural Oil price per Barrel
The two legs use different units, so the result is a rate — Barrels of ural oil per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $85.87 = 196.8. The inverse is 0.005081.
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 ural oil ratio today?
The magnesium to ural oil ratio is 196.8 — Magnesium at $16,900.00 per Metric Ton divided by Ural Oil at $85.87 per Barrel, from live mid-market prices.
How do you calculate the magnesium to ural oil ratio?
Divide the magnesium price per Metric Ton by the ural oil price per Barrel. If the two units differ, the result is a rate rather than a plain count — read it as Barrels of ural oil per Metric Ton of magnesium.
What is the inverse of the magnesium to ural oil ratio?
The inverse, ural oil to magnesium, is 0.005081 — how many Metric Tons of magnesium one Barrel of ural oil buys.