Commodity ratio · live
Propane to Magnesium Ratio
The propane to magnesium ratio is 0.00004438 — Propane at $0.7500 per Gallon divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:09 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Propane to Magnesium ratio
1.000 Gal of propane = 0.00004438 T of magnesium
Inverse (MG/PROP): 22533 — one Metric Ton of magnesium buys that much propane.
Above its 1 year average. (80th percentile of the last 1 year)
Propane
$0.7500
per Gallon
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Gallon ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Gallon of propane. Prices as of Mon, 24 Aug 2026 12:09:05 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
0.00004128
median 0.00004059
1Y low
0.00003437
Jan 16, 2026
1Y high
0.00005170
May 4, 2026
Normal band
0.00003747–0.00004510
mean ± 1 std dev
Deviation from mean
+0.81σ
355 observations
Propane to Magnesium ratio charts
Pick a range once — it applies to the PROP/MG ratio line, the OHLC candles and the Propane / Magnesium price chart below.
PROP/MG ratio line
How many T of Magnesium one Gal of Propane buys, over 1Y.
PROP/MG ratio candles
Open, high, low and close of the PROP/MG ratio for each period in the last 1Y.
Propane 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 propane to magnesium ratio
Propane to Magnesium ratio = Propane price per Gallon ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Gallon of propane — rather than a plain count.
Worked example, live prices: $0.7500 ÷ $16,900.00 = 0.00004438. The inverse is 22533.
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 propane to magnesium ratio today?
The propane to magnesium ratio is 0.00004438 — Propane at $0.7500 per Gallon divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the propane to magnesium ratio?
Divide the propane price per Gallon 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 Gallon of propane.
What is the inverse of the propane to magnesium ratio?
The inverse, magnesium to propane, is 22533 — how many Gallons of propane one Metric Ton of magnesium buys.