Commodity ratio · live
Nickel Futures to Magnesium Ratio
The nickel futures to magnesium ratio is 1.006 — Nickel Futures at $17,007.88 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Nickel Futures to Magnesium ratio
1.000 T of nickel futures = 1.006 T of magnesium
Inverse (MG/NICKEL-FUT): 0.9937 — one Metric Ton of magnesium buys that much nickel futures.
Close to the middle of its 1 year range. (69th percentile of the last 1 year)
Nickel Futures
$17,007.88
per Metric Ton
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Metric Ton of nickel futures. Prices as of Mon, 24 Aug 2026 11:34:41 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
0.9627
median 0.9796
1Y low
0.8156
Aug 25, 2025
1Y high
1.134
May 5, 2026
Normal band
0.8862–1.039
mean ± 1 std dev
Deviation from mean
+0.57σ
358 observations
Nickel Futures to Magnesium ratio charts
Pick a range once — it applies to the NICKEL-FUT/MG ratio line, the OHLC candles and the Nickel Futures / Magnesium price chart below.
NICKEL-FUT/MG ratio line
How many T of Magnesium one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/MG ratio candles
Open, high, low and close of the NICKEL-FUT/MG ratio for each period in the last 1Y.
Nickel 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 nickel futures to magnesium ratio
Nickel Futures to Magnesium ratio = Nickel Futures price per Metric Ton ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Metric Ton of nickel futures — rather than a plain count.
Worked example, live prices: $17,007.88 ÷ $16,900.00 = 1.006. The inverse is 0.9937.
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 magnesium ratio today?
The nickel futures to magnesium ratio is 1.006 — Nickel Futures at $17,007.88 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the nickel futures to magnesium ratio?
Divide the nickel futures price per Metric Ton 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 Metric Ton of nickel futures.
What is the inverse of the nickel futures to magnesium ratio?
The inverse, magnesium to nickel futures, is 0.9937 — how many Metric Tons of nickel futures one Metric Ton of magnesium buys.