Commodity ratio · live
Polyethylene to Heating Oil Futures Ratio
The polyethylene to heating oil futures ratio is 1794 — Polyethylene at $7,856.00 per Metric Ton divided by Heating Oil Futures at $4.38 per Gallan.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Polyethylene to Heating Oil Futures ratio
1.000 T of polyethylene = 1,793.6 Gal of heating oil futures
Inverse (HO-FUT/POL): 0.0005575 — one Gallan of heating oil futures buys that much polyethylene.
Near the bottom of its 1 year range — historically compressed. (2th percentile of the last 1 year)
Polyethylene
¥7,856.00
per Metric Ton
Heating Oil Futures
$4.38
per Gallan
Unit basis: CNY per Metric Ton ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Metric Ton of polyethylene. Prices as of Mon, 24 Aug 2026 11:27:00 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
2476
median 2346
1Y low
1688
Mar 7, 2026
1Y high
3317
Oct 12, 2025
Normal band
2034–2918
mean ± 1 std dev
Deviation from mean
-1.54σ
306 observations
Polyethylene to Heating Oil Futures ratio charts
Pick a range once — it applies to the POL/HO-FUT ratio line, the OHLC candles and the Polyethylene / Heating Oil Futures price chart below.
POL/HO-FUT ratio line
How many Gal of Heating Oil Futures one T of Polyethylene buys, over 1Y.
POL/HO-FUT ratio candles
Open, high, low and close of the POL/HO-FUT ratio for each period in the last 1Y.
Polyethylene and Heating Oil Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the polyethylene to heating oil futures ratio
Polyethylene to Heating Oil Futures ratio = Polyethylene price per Metric Ton ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Metric Ton of polyethylene — rather than a plain count.
Worked example, live prices: $7,856.00 ÷ $4.38 = 1794. The inverse is 0.0005575.
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 polyethylene to heating oil futures ratio today?
The polyethylene to heating oil futures ratio is 1794 — Polyethylene at $7,856.00 per Metric Ton divided by Heating Oil Futures at $4.38 per Gallan, from live mid-market prices.
How do you calculate the polyethylene to heating oil futures ratio?
Divide the polyethylene price per Metric Ton by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Metric Ton of polyethylene.
What is the inverse of the polyethylene to heating oil futures ratio?
The inverse, heating oil futures to polyethylene, is 0.0005575 — how many Metric Tons of polyethylene one Gallan of heating oil futures buys.