Commodity ratio · live
Magnesium to Soybean Oil Ratio
The magnesium to soybean oil ratio is 24838 — Magnesium at $16,900.00 per Metric Ton divided by Soybean Oil at $0.6804 per Pound.
Prices as of Aug 24, 2026, 10:25 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Soybean Oil ratio
1.000 T of magnesium = 24,838.3 Lb of soybean oil
Inverse (ZL/MG): 0.00004026 — one Pound of soybean oil buys that much magnesium.
Below its 1 year average. (25th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Soybean Oil
¢0.6804
per Pound
Unit basis: CNY per Metric Ton ÷ US Cent per Pound. The ratio reads as Pounds of soybean oil per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 10:25:38 GMT.
These two commodities are quoted in different currencies (CNY and US Cent). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
29383
median 28843
1Y low
22585
Jun 3, 2026
1Y high
36260
Sep 23, 2025
Normal band
24969–33798
mean ± 1 std dev
Deviation from mean
-1.03σ
247 observations
Magnesium to Soybean Oil ratio charts
Pick a range once — it applies to the MG/ZL ratio line, the OHLC candles and the Magnesium / Soybean Oil price chart below.
MG/ZL ratio line
How many Lb of Soybean Oil one T of Magnesium buys, over 1Y.
MG/ZL ratio candles
Open, high, low and close of the MG/ZL ratio for each period in the last 1Y.
Magnesium and Soybean 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 soybean oil ratio
Magnesium to Soybean Oil ratio = Magnesium price per Metric Ton ÷ Soybean Oil price per Pound
The two legs use different units, so the result is a rate — Pounds of soybean oil per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $0.6804 = 24838. The inverse is 0.00004026.
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 soybean oil ratio today?
The magnesium to soybean oil ratio is 24838 — Magnesium at $16,900.00 per Metric Ton divided by Soybean Oil at $0.6804 per Pound, from live mid-market prices.
How do you calculate the magnesium to soybean oil ratio?
Divide the magnesium price per Metric Ton by the soybean oil price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of soybean oil per Metric Ton of magnesium.
What is the inverse of the magnesium to soybean oil ratio?
The inverse, soybean oil to magnesium, is 0.00004026 — how many Metric Tons of magnesium one Pound of soybean oil buys.