Commodity ratio · live
Palm Oil to Steel Ratio
The palm oil to steel ratio is 1.637 — Palm Oil at $5,018.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:32 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Palm Oil to Steel ratio
1.000 T of palm oil = 1.637 T of steel
Inverse (STEEL/PO): 0.6110 — one Metric Ton of steel buys that much palm oil.
Near the top of its 1 year range — historically stretched. (100th percentile of the last 1 year)
Palm Oil
MYR5,018.00
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: MYR per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of palm oil. Prices as of Mon, 24 Aug 2026 10:32:28 GMT.
These two commodities are quoted in different currencies (MYR and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
1.423
median 1.438
1Y low
1.256
Jan 15, 2026
1Y high
1.657
Aug 21, 2026
Normal band
1.342–1.504
mean ± 1 std dev
Deviation from mean
+2.63σ
313 observations
Palm Oil to Steel ratio charts
Pick a range once — it applies to the PO/STEEL ratio line, the OHLC candles and the Palm Oil / Steel price chart below.
PO/STEEL ratio line
How many T of Steel one T of Palm Oil buys, over 1Y.
PO/STEEL ratio candles
Open, high, low and close of the PO/STEEL ratio for each period in the last 1Y.
Palm Oil and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the palm oil to steel ratio
Palm Oil to Steel ratio = Palm Oil price per Metric Ton ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Metric Ton of palm oil — rather than a plain count.
Worked example, live prices: $5,018.00 ÷ $3,066.00 = 1.637. The inverse is 0.6110.
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 palm oil to steel ratio today?
The palm oil to steel ratio is 1.637 — Palm Oil at $5,018.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the palm oil to steel ratio?
Divide the palm oil price per Metric Ton by the steel 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 steel per Metric Ton of palm oil.
What is the inverse of the palm oil to steel ratio?
The inverse, steel to palm oil, is 0.6110 — how many Metric Tons of palm oil one Metric Ton of steel buys.