Commodity ratio · live
Platinum to Nickel Futures Ratio
The platinum to nickel futures ratio is 0.1109 — Platinum at $1,886.48 per Troy Ounce divided by Nickel Futures at $17,005.63 per Metric Ton.
Prices as of Aug 24, 2026, 11:33 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Platinum to Nickel Futures ratio
1.000 T.oz of platinum = 0.1109 T of nickel futures
Inverse (NICKEL-FUT/PL): 9.014 — one Metric Ton of nickel futures buys that much platinum.
Close to the middle of its 1 year range. (62th percentile of the last 1 year)
Platinum
$1,886.48
per Troy Ounce
Nickel Futures
$17,005.63
per Metric Ton
Unit basis: USD per Troy Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of nickel futures per Troy Ounce of platinum. Prices as of Mon, 24 Aug 2026 11:33:02 GMT.
1Y average
0.1097
median 0.1060
1Y low
0.08669
Aug 26, 2025
1Y high
0.1621
Jan 29, 2026
Normal band
0.09550–0.1239
mean ± 1 std dev
Deviation from mean
+0.09σ
312 observations
Platinum to Nickel Futures ratio charts
Pick a range once — it applies to the PL/NICKEL-FUT ratio line, the OHLC candles and the Platinum / Nickel Futures price chart below.
PL/NICKEL-FUT ratio line
How many T of Nickel Futures one T.oz of Platinum buys, over 1Y.
PL/NICKEL-FUT ratio candles
Open, high, low and close of the PL/NICKEL-FUT ratio for each period in the last 1Y.
Platinum and Nickel Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the platinum to nickel futures ratio
Platinum to Nickel Futures ratio = Platinum price per Troy Ounce ÷ Nickel Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of nickel futures per Troy Ounce of platinum — rather than a plain count.
Worked example, live prices: $1,886.48 ÷ $17,005.63 = 0.1109. The inverse is 9.014.
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 platinum to nickel futures ratio today?
The platinum to nickel futures ratio is 0.1109 — Platinum at $1,886.48 per Troy Ounce divided by Nickel Futures at $17,005.63 per Metric Ton, from live mid-market prices.
How do you calculate the platinum to nickel futures ratio?
Divide the platinum price per Troy Ounce by the nickel 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 nickel futures per Troy Ounce of platinum.
What is the inverse of the platinum to nickel futures ratio?
The inverse, nickel futures to platinum, is 9.014 — how many Troy Ounces of platinum one Metric Ton of nickel futures buys.