Commodity ratio · live
Natural Gas Futures to Cobalt Ratio
The natural gas futures to cobalt ratio is 0.00004974 — Natural Gas Futures at $2.80 per Million British Thermal Units divided by Cobalt at $56,290.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:29 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Cobalt ratio
1.000 MMBtu of natural gas futures = 0.00004974 T of cobalt
Inverse (COB/NG-FUT): 20104 — one Metric Ton of cobalt buys that much natural gas futures.
Below its 1 year average. (18th percentile of the last 1 year)
Natural Gas Futures
$2.80
per Million British Thermal Units
Cobalt
$56,290.00
per Metric Ton
Unit basis: USD per Million British Thermal Units ÷ USD per Metric Ton. The ratio reads as Metric Tons of cobalt per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 11:29:05 GMT.
1Y average
0.00006553
median 0.00005738
1Y low
0.00004441
Apr 24, 2026
1Y high
0.0001201
Jan 25, 2026
Normal band
0.00004824–0.00008281
mean ± 1 std dev
Deviation from mean
-0.91σ
351 observations
Natural Gas Futures to Cobalt ratio charts
Pick a range once — it applies to the NG-FUT/COB ratio line, the OHLC candles and the Natural Gas Futures / Cobalt price chart below.
NG-FUT/COB ratio line
How many T of Cobalt one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/COB ratio candles
Open, high, low and close of the NG-FUT/COB ratio for each period in the last 1Y.
Natural Gas Futures and Cobalt prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the natural gas futures to cobalt ratio
Natural Gas Futures to Cobalt ratio = Natural Gas Futures price per Million British Thermal Units ÷ Cobalt price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of cobalt per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.80 ÷ $56,290.00 = 0.00004974. The inverse is 20104.
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 natural gas futures to cobalt ratio today?
The natural gas futures to cobalt ratio is 0.00004974 — Natural Gas Futures at $2.80 per Million British Thermal Units divided by Cobalt at $56,290.00 per Metric Ton, from live mid-market prices.
How do you calculate the natural gas futures to cobalt ratio?
Divide the natural gas futures price per Million British Thermal Units by the cobalt 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 cobalt per Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to cobalt ratio?
The inverse, cobalt to natural gas futures, is 20104 — how many Million British Thermal Unitss of natural gas futures one Metric Ton of cobalt buys.