Commodity ratio · live
Steel to Fish Meal Ratio
The steel to fish meal ratio is 1.499 — Steel at $3,066.00 per Metric Ton divided by Fish Meal at $2,044.75 per Metric Ton.
Prices as of Aug 24, 2026, 10:30 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Fish Meal ratio
1.000 T of steel = 1.499 T of fish meal
Inverse (FM/STEEL): 0.6669 — one Metric Ton of fish meal buys that much steel.
Steel
¥3,066.00
per Metric Ton
Fish Meal
$2,044.75
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of fish meal per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:30:38 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.
Steel to Fish Meal ratio charts
Pick a range once — it applies to the STEEL/FM ratio line, the OHLC candles and the Steel / Fish Meal price chart below.
STEEL/FM ratio line
How many T of Fish Meal one T of Steel buys, over 1Y.
No overlapping history for STEEL/FM over 1Y. Try a longer range.
STEEL/FM ratio candles
Open, high, low and close of the STEEL/FM ratio for each period in the last 1Y.
No overlapping history for STEEL/FM over 1Y. Try a longer range.
Steel and Fish Meal prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the steel to fish meal ratio
Steel to Fish Meal ratio = Steel price per Metric Ton ÷ Fish Meal price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of fish meal per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $2,044.75 = 1.499. The inverse is 0.6669.
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 steel to fish meal ratio today?
The steel to fish meal ratio is 1.499 — Steel at $3,066.00 per Metric Ton divided by Fish Meal at $2,044.75 per Metric Ton, from live mid-market prices.
How do you calculate the steel to fish meal ratio?
Divide the steel price per Metric Ton by the fish meal 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 fish meal per Metric Ton of steel.
What is the inverse of the steel to fish meal ratio?
The inverse, fish meal to steel, is 0.6669 — how many Metric Tons of steel one Metric Ton of fish meal buys.