Commodity ratio · live
Nickel Futures to Lead Futures Ratio
The nickel futures to lead futures ratio is 8.903 — Nickel Futures at $17,007.63 per Metric Ton divided by Lead Futures at $1,910.33 per Metric Ton.
Prices as of Aug 24, 2026, 11:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Nickel Futures to Lead Futures ratio
1.000 T of nickel futures = 8.903 T of lead futures
Inverse (LEAD-FUT/NICKEL-FUT): 0.1123 — one Metric Ton of lead futures buys that much nickel futures.
Close to the middle of its 1 year range. (58th percentile of the last 1 year)
Nickel Futures
$17,007.63
per Metric Ton
Lead Futures
$1,910.33
per Metric Ton
Unit basis: USD per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of lead futures per Metric Ton of nickel futures. Prices as of Mon, 24 Aug 2026 11:35:33 GMT.
1Y average
8.534
median 8.820
1Y low
7.023
Nov 16, 2025
1Y high
10.12
May 5, 2026
Normal band
7.773–9.295
mean ± 1 std dev
Deviation from mean
+0.48σ
348 observations
Nickel Futures to Lead Futures ratio charts
Pick a range once — it applies to the NICKEL-FUT/LEAD-FUT ratio line, the OHLC candles and the Nickel Futures / Lead Futures price chart below.
NICKEL-FUT/LEAD-FUT ratio line
How many T of Lead Futures one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/LEAD-FUT ratio candles
Open, high, low and close of the NICKEL-FUT/LEAD-FUT ratio for each period in the last 1Y.
Nickel 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 nickel futures to lead futures ratio
Nickel Futures to Lead Futures ratio = Nickel Futures price per Metric Ton ÷ Lead Futures price per Metric Ton
Both legs share the same unit, so the result is a plain unitless number, directly comparable across time.
Worked example, live prices: $17,007.63 ÷ $1,910.33 = 8.903. The inverse is 0.1123.
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 nickel futures to lead futures ratio today?
The nickel futures to lead futures ratio is 8.903 — Nickel Futures at $17,007.63 per Metric Ton divided by Lead Futures at $1,910.33 per Metric Ton, from live mid-market prices.
How do you calculate the nickel futures to lead futures ratio?
Divide the nickel futures price per Metric Ton 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 Metric Ton of nickel futures.
What is the inverse of the nickel futures to lead futures ratio?
The inverse, lead futures to nickel futures, is 0.1123 — how many Metric Tons of nickel futures one Metric Ton of lead futures buys.