Commodity ratio · live
Steel to Palm Oil Ratio
The steel to palm oil ratio is 0.6110 — Steel at $3,066.00 per Metric Ton divided by Palm Oil at $5,018.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:32 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Palm Oil ratio
1.000 T of steel = 0.6110 T of palm oil
Inverse (PO/STEEL): 1.637 — one Metric Ton of palm oil buys that much steel.
Near the bottom of its 1 year range — historically compressed. (0th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Palm Oil
MYR5,018.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ MYR per Metric Ton. The ratio reads as Metric Tons of palm oil per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:32:27 GMT.
These two commodities are quoted in different currencies (CNY and MYR). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.7048
median 0.6952
1Y low
0.6037
Aug 21, 2026
1Y high
0.7959
Jan 15, 2026
Normal band
0.6648–0.7449
mean ± 1 std dev
Deviation from mean
-2.34σ
313 observations
Steel to Palm Oil ratio charts
Pick a range once — it applies to the STEEL/PO ratio line, the OHLC candles and the Steel / Palm Oil price chart below.
STEEL/PO ratio line
How many T of Palm Oil one T of Steel buys, over 1Y.
STEEL/PO ratio candles
Open, high, low and close of the STEEL/PO ratio for each period in the last 1Y.
Steel and Palm Oil 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 palm oil ratio
Steel to Palm Oil ratio = Steel price per Metric Ton ÷ Palm Oil price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of palm oil per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $5,018.00 = 0.6110. The inverse is 1.637.
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 palm oil ratio today?
The steel to palm oil ratio is 0.6110 — Steel at $3,066.00 per Metric Ton divided by Palm Oil at $5,018.00 per Metric Ton, from live mid-market prices.
How do you calculate the steel to palm oil ratio?
Divide the steel price per Metric Ton by the palm oil 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 palm oil per Metric Ton of steel.
What is the inverse of the steel to palm oil ratio?
The inverse, palm oil to steel, is 1.637 — how many Metric Tons of steel one Metric Ton of palm oil buys.