Commodity ratio · live
Propane to Steel Ratio
The propane to steel ratio is 0.0002446 — Propane at $0.7500 per Gallon divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:23 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Propane to Steel ratio
1.000 Gal of propane = 0.0002446 T of steel
Inverse (STEEL/PROP): 4088 — one Metric Ton of steel buys that much propane.
Above its 1 year average. (71th percentile of the last 1 year)
Propane
$0.7500
per Gallon
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Gallon ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Gallon of propane. Prices as of Mon, 24 Aug 2026 11:23:08 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
0.0002318
median 0.0002307
1Y low
0.0001935
Jan 18, 2026
1Y high
0.0002871
May 4, 2026
Normal band
0.0002118–0.0002518
mean ± 1 std dev
Deviation from mean
+0.64σ
315 observations
Propane to Steel ratio charts
Pick a range once — it applies to the PROP/STEEL ratio line, the OHLC candles and the Propane / Steel price chart below.
PROP/STEEL ratio line
How many T of Steel one Gal of Propane buys, over 1Y.
PROP/STEEL ratio candles
Open, high, low and close of the PROP/STEEL ratio for each period in the last 1Y.
Propane 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 propane to steel ratio
Propane to Steel ratio = Propane price per Gallon ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Gallon of propane — rather than a plain count.
Worked example, live prices: $0.7500 ÷ $3,066.00 = 0.0002446. The inverse is 4088.
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 steel ratio today?
The propane to steel ratio is 0.0002446 — Propane at $0.7500 per Gallon divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the propane to steel ratio?
Divide the propane price per Gallon 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 Gallon of propane.
What is the inverse of the propane to steel ratio?
The inverse, steel to propane, is 4088 — how many Gallons of propane one Metric Ton of steel buys.