Commodity ratio · live
Steel to Polyethylene Ratio
The steel to polyethylene ratio is 0.3903 — Steel at $3,066.00 per Metric Ton divided by Polyethylene at $7,856.00 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 Polyethylene ratio
1.000 T of steel = 0.3903 T of polyethylene
Inverse (POL/STEEL): 2.562 — one Metric Ton of polyethylene buys that much steel.
Below its 1 year average. (21th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Polyethylene
¥7,856.00
per Metric Ton
Unit basis: CNY per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of polyethylene per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:22:52 GMT.
1Y average
0.4251
median 0.4297
1Y low
0.3337
Apr 7, 2026
1Y high
0.4960
Dec 22, 2025
Normal band
0.3879–0.4623
mean ± 1 std dev
Deviation from mean
-0.94σ
299 observations
Steel to Polyethylene ratio charts
Pick a range once — it applies to the STEEL/POL ratio line, the OHLC candles and the Steel / Polyethylene price chart below.
STEEL/POL ratio line
How many T of Polyethylene one T of Steel buys, over 1Y.
STEEL/POL ratio candles
Open, high, low and close of the STEEL/POL ratio for each period in the last 1Y.
Steel and Polyethylene 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 polyethylene ratio
Steel to Polyethylene ratio = Steel price per Metric Ton ÷ Polyethylene price per Metric Ton
Both legs share the same unit, so the result is a plain unitless number, directly comparable across time.
Worked example, live prices: $3,066.00 ÷ $7,856.00 = 0.3903. The inverse is 2.562.
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 polyethylene ratio today?
The steel to polyethylene ratio is 0.3903 — Steel at $3,066.00 per Metric Ton divided by Polyethylene at $7,856.00 per Metric Ton, from live mid-market prices.
How do you calculate the steel to polyethylene ratio?
Divide the steel price per Metric Ton by the polyethylene 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 polyethylene per Metric Ton of steel.
What is the inverse of the steel to polyethylene ratio?
The inverse, polyethylene to steel, is 2.562 — how many Metric Tons of steel one Metric Ton of polyethylene buys.