Commodity ratio · live
Natural Gas Futures to Copper Futures Ratio
The natural gas futures to copper futures ratio is 0.4195 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Copper Futures at $6.58 per Pound.
Prices as of Aug 24, 2026, 10:37 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Copper Futures ratio
1.000 MMBtu of natural gas futures = 0.4195 Lb of copper futures
Inverse (HG-FUT/NG-FUT): 2.384 — one Pound of copper futures buys that much natural gas futures.
Near the bottom of its 1 year range — historically compressed. (5th percentile of the last 1 year)
Natural Gas Futures
$2.76
per Million British Thermal Units
Copper Futures
$6.58
per Pound
Unit basis: USD per Million British Thermal Units ÷ USD per Pound. The ratio reads as Pounds of copper futures per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 10:37:59 GMT.
1Y average
0.5862
median 0.5350
1Y low
0.3887
Aug 6, 2026
1Y high
1.140
Jan 25, 2026
Normal band
0.4363–0.7361
mean ± 1 std dev
Deviation from mean
-1.11σ
333 observations
Natural Gas Futures to Copper Futures ratio charts
Pick a range once — it applies to the NG-FUT/HG-FUT ratio line, the OHLC candles and the Natural Gas Futures / Copper Futures price chart below.
NG-FUT/HG-FUT ratio line
How many Lb of Copper Futures one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/HG-FUT ratio candles
Open, high, low and close of the NG-FUT/HG-FUT ratio for each period in the last 1Y.
Natural Gas Futures and Copper Futures 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 copper futures ratio
Natural Gas Futures to Copper Futures ratio = Natural Gas Futures price per Million British Thermal Units ÷ Copper Futures price per Pound
The two legs use different units, so the result is a rate — Pounds of copper futures per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.76 ÷ $6.58 = 0.4195. The inverse is 2.384.
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 natural gas futures to copper futures ratio today?
The natural gas futures to copper futures ratio is 0.4195 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Copper Futures at $6.58 per Pound, from live mid-market prices.
How do you calculate the natural gas futures to copper futures ratio?
Divide the natural gas futures price per Million British Thermal Units by the copper futures price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of copper futures per Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to copper futures ratio?
The inverse, copper futures to natural gas futures, is 2.384 — how many Million British Thermal Unitss of natural gas futures one Pound of copper futures buys.