Commodity ratio · live
Natural Gas Futures to Lead Futures Ratio
The natural gas futures to lead futures ratio is 0.001450 — Natural Gas Futures at $2.77 per Million British Thermal Units divided by Lead Futures at $1,909.83 per Metric Ton.
Prices as of Aug 24, 2026, 10:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Lead Futures ratio
1.000 MMBtu of natural gas futures = 0.001450 T of lead futures
Inverse (LEAD-FUT/NG-FUT): 689.5 — one Metric Ton of lead futures buys that much natural gas futures.
Below its 1 year average. (18th percentile of the last 1 year)
Natural Gas Futures
$2.77
per Million British Thermal Units
Lead Futures
$1,909.83
per Metric Ton
Unit basis: USD per Million British Thermal Units ÷ USD per Metric Ton. The ratio reads as Metric Tons of lead futures per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 10:34:17 GMT.
1Y average
0.001694
median 0.001588
1Y low
0.001267
Apr 24, 2026
1Y high
0.003340
Jan 25, 2026
Normal band
0.001382–0.002007
mean ± 1 std dev
Deviation from mean
-0.78σ
344 observations
Natural Gas Futures to Lead Futures ratio charts
Pick a range once — it applies to the NG-FUT/LEAD-FUT ratio line, the OHLC candles and the Natural Gas Futures / Lead Futures price chart below.
NG-FUT/LEAD-FUT ratio line
How many T of Lead Futures one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/LEAD-FUT ratio candles
Open, high, low and close of the NG-FUT/LEAD-FUT ratio for each period in the last 1Y.
Natural Gas Futures and Lead 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 lead futures ratio
Natural Gas Futures to Lead Futures ratio = Natural Gas Futures price per Million British Thermal Units ÷ Lead Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of lead futures per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.77 ÷ $1,909.83 = 0.001450. The inverse is 689.5.
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 lead futures ratio today?
The natural gas futures to lead futures ratio is 0.001450 — Natural Gas Futures at $2.77 per Million British Thermal Units divided by Lead Futures at $1,909.83 per Metric Ton, from live mid-market prices.
How do you calculate the natural gas futures to lead futures ratio?
Divide the natural gas futures price per Million British Thermal Units by the lead futures 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 lead futures per Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to lead futures ratio?
The inverse, lead futures to natural gas futures, is 689.5 — how many Million British Thermal Unitss of natural gas futures one Metric Ton of lead futures buys.