Commodity ratio · live
Natural Gas Futures to Magnesium Ratio
The natural gas futures to magnesium ratio is 0.0001633 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Natural Gas Futures to Magnesium ratio
1.000 MMBtu of natural gas futures = 0.0001633 T of magnesium
Inverse (MG/NG-FUT): 6123 — one Metric Ton of magnesium buys that much natural gas futures.
Below its 1 year average. (21th percentile of the last 1 year)
Natural Gas Futures
$2.76
per Million British Thermal Units
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Million British Thermal Units ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Million British Thermal Units of natural gas futures. Prices as of Mon, 24 Aug 2026 10:31:30 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
0.0001933
median 0.0001795
1Y low
0.0001408
Apr 24, 2026
1Y high
0.0003930
Jan 25, 2026
Normal band
0.0001524–0.0002341
mean ± 1 std dev
Deviation from mean
-0.73σ
346 observations
Natural Gas Futures to Magnesium ratio charts
Pick a range once — it applies to the NG-FUT/MG ratio line, the OHLC candles and the Natural Gas Futures / Magnesium price chart below.
NG-FUT/MG ratio line
How many T of Magnesium one MMBtu of Natural Gas Futures buys, over 1Y.
NG-FUT/MG ratio candles
Open, high, low and close of the NG-FUT/MG ratio for each period in the last 1Y.
Natural Gas Futures and Magnesium 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 magnesium ratio
Natural Gas Futures to Magnesium ratio = Natural Gas Futures price per Million British Thermal Units ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Million British Thermal Units of natural gas futures — rather than a plain count.
Worked example, live prices: $2.76 ÷ $16,900.00 = 0.0001633. The inverse is 6123.
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 magnesium ratio today?
The natural gas futures to magnesium ratio is 0.0001633 — Natural Gas Futures at $2.76 per Million British Thermal Units divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the natural gas futures to magnesium ratio?
Divide the natural gas futures price per Million British Thermal Units by the magnesium 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 magnesium per Million British Thermal Units of natural gas futures.
What is the inverse of the natural gas futures to magnesium ratio?
The inverse, magnesium to natural gas futures, is 6123 — how many Million British Thermal Unitss of natural gas futures one Metric Ton of magnesium buys.