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Polyethylene to Steel Ratio
The polyethylene to steel ratio is 2.562 — Polyethylene at $7,856.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:22 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Polyethylene to Steel ratio
1.000 T of polyethylene = 2.562 T of steel
Inverse (STEEL/POL): 0.3903 — one Metric Ton of steel buys that much polyethylene.
Above its 1 year average. (79th percentile of the last 1 year)
Polyethylene
¥7,856.00
per Metric Ton
Steel
¥3,066.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Metric Ton of polyethylene. Prices as of Mon, 24 Aug 2026 11:22:50 GMT.
1Y average
2.371
median 2.327
1Y low
2.016
Dec 22, 2025
1Y high
2.997
Apr 7, 2026
Normal band
2.157–2.585
mean ± 1 std dev
Deviation from mean
+0.90σ
299 observations
Polyethylene to Steel ratio charts
Pick a range once — it applies to the POL/STEEL ratio line, the OHLC candles and the Polyethylene / Steel price chart below.
POL/STEEL ratio line
How many T of Steel one T of Polyethylene buys, over 1Y.
POL/STEEL ratio candles
Open, high, low and close of the POL/STEEL ratio for each period in the last 1Y.
Polyethylene 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 polyethylene to steel ratio
Polyethylene to Steel ratio = Polyethylene price per Metric Ton ÷ Steel 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: $7,856.00 ÷ $3,066.00 = 2.562. The inverse is 0.3903.
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 steel ratio today?
The polyethylene to steel ratio is 2.562 — Polyethylene at $7,856.00 per Metric Ton divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the polyethylene to steel ratio?
Divide the polyethylene 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 polyethylene.
What is the inverse of the polyethylene to steel ratio?
The inverse, steel to polyethylene, is 0.3903 — how many Metric Tons of polyethylene one Metric Ton of steel buys.