Commodity ratio · live
Steel to Naphtha Ratio
The steel to naphtha ratio is 4.049 — Steel at $3,066.00 per Metric Ton divided by Naphtha at $757.20 per Metric Ton.
Prices as of Aug 24, 2026, 12:20 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Naphtha ratio
1.000 T of steel = 4.049 T of naphtha
Inverse (NAPHTHA/STEEL): 0.2470 — one Metric Ton of naphtha buys that much steel.
Below its 1 year average. (25th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Naphtha
$757.20
per Metric Ton
Unit basis: CNY per Metric Ton ÷ USD per Metric Ton. The ratio reads as Metric Tons of naphtha per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 12:20:41 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.
1Y average
4.913
median 5.363
1Y low
3.048
Apr 7, 2026
1Y high
6.473
Jan 7, 2026
Normal band
3.966–5.859
mean ± 1 std dev
Deviation from mean
-0.91σ
315 observations
Steel to Naphtha ratio charts
Pick a range once — it applies to the STEEL/NAPHTHA ratio line, the OHLC candles and the Steel / Naphtha price chart below.
STEEL/NAPHTHA ratio line
How many T of Naphtha one T of Steel buys, over 1Y.
STEEL/NAPHTHA ratio candles
Open, high, low and close of the STEEL/NAPHTHA ratio for each period in the last 1Y.
Steel and Naphtha 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 naphtha ratio
Steel to Naphtha ratio = Steel price per Metric Ton ÷ Naphtha price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of naphtha per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $757.20 = 4.049. The inverse is 0.2470.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the steel to naphtha ratio today?
The steel to naphtha ratio is 4.049 — Steel at $3,066.00 per Metric Ton divided by Naphtha at $757.20 per Metric Ton, from live mid-market prices.
How do you calculate the steel to naphtha ratio?
Divide the steel price per Metric Ton by the naphtha 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 naphtha per Metric Ton of steel.
What is the inverse of the steel to naphtha ratio?
The inverse, naphtha to steel, is 0.2470 — how many Metric Tons of steel one Metric Ton of naphtha buys.