Commodity ratio · live
Naphtha to Steel Ratio
The naphtha to steel ratio is 0.2470 — Naphtha at $757.20 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:56 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Naphtha to Steel ratio
1.000 T of naphtha = 0.2470 T of steel
Inverse (STEEL/NAPHTHA): 4.049 — one Metric Ton of steel buys that much naphtha.
Above its 1 year average. (75th percentile of the last 1 year)
Naphtha
$757.20
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of naphtha. Prices as of Mon, 24 Aug 2026 10:56:39 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.2120
median 0.1865
1Y low
0.1545
Jan 7, 2026
1Y high
0.3281
Apr 7, 2026
Normal band
0.1675–0.2565
mean ± 1 std dev
Deviation from mean
+0.78σ
315 observations
Naphtha to Steel ratio charts
Pick a range once — it applies to the NAPHTHA/STEEL ratio line, the OHLC candles and the Naphtha / Steel price chart below.
NAPHTHA/STEEL ratio line
How many T of Steel one T of Naphtha buys, over 1Y.
NAPHTHA/STEEL ratio candles
Open, high, low and close of the NAPHTHA/STEEL ratio for each period in the last 1Y.
Naphtha and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the naphtha to steel ratio
Naphtha to Steel ratio = Naphtha price per Metric Ton ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Metric Ton of naphtha — rather than a plain count.
Worked example, live prices: $757.20 ÷ $3,066.00 = 0.2470. The inverse is 4.049.
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 naphtha to steel ratio today?
The naphtha to steel ratio is 0.2470 — Naphtha at $757.20 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the naphtha to steel ratio?
Divide the naphtha price per Metric Ton by the steel 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 steel per Metric Ton of naphtha.
What is the inverse of the naphtha to steel ratio?
The inverse, steel to naphtha, is 4.049 — how many Metric Tons of naphtha one Metric Ton of steel buys.