Commodity ratio · live
Steel to Groundnuts Ratio
The steel to groundnuts ratio is 2.453 — Steel at $3,066.00 per Metric Ton divided by Groundnuts at $1,250.00 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.
Steel to Groundnuts ratio
1.000 T of steel = 2.453 T of groundnuts
Inverse (GN/STEEL): 0.4077 — one Metric Ton of groundnuts buys that much steel.
Steel
¥3,066.00
per Metric Ton
Groundnuts
$1,250.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of groundnuts per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:22:38 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 Groundnuts ratio charts
Pick a range once — it applies to the STEEL/GN ratio line, the OHLC candles and the Steel / Groundnuts price chart below.
STEEL/GN ratio line
How many T of Groundnuts one T of Steel buys, over 1Y.
No overlapping history for STEEL/GN over 1Y. Try a longer range.
STEEL/GN ratio candles
Open, high, low and close of the STEEL/GN ratio for each period in the last 1Y.
No overlapping history for STEEL/GN over 1Y. Try a longer range.
Steel and Groundnuts 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 groundnuts ratio
Steel to Groundnuts ratio = Steel price per Metric Ton ÷ Groundnuts price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of groundnuts per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $1,250.00 = 2.453. The inverse is 0.4077.
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 steel to groundnuts ratio today?
The steel to groundnuts ratio is 2.453 — Steel at $3,066.00 per Metric Ton divided by Groundnuts at $1,250.00 per Metric Ton, from live mid-market prices.
How do you calculate the steel to groundnuts ratio?
Divide the steel price per Metric Ton by the groundnuts 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 groundnuts per Metric Ton of steel.
What is the inverse of the steel to groundnuts ratio?
The inverse, groundnuts to steel, is 0.4077 — how many Metric Tons of steel one Metric Ton of groundnuts buys.