Commodity ratio · live
Steel to Propane Ratio
The steel to propane ratio is 4088 — Steel at $3,066.00 per Metric Ton divided by Propane at $0.7500 per Gallon.
Prices as of Aug 24, 2026, 11:23 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Propane ratio
1.000 T of steel = 4,088 Gal of propane
Inverse (PROP/STEEL): 0.0002446 — one Gallon of propane buys that much steel.
Below its 1 year average. (29th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Propane
$0.7500
per Gallon
Unit basis: CNY per Metric Ton ÷ USD per Gallon. The ratio reads as Gallons of propane per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 11:23:08 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
4345
median 4335
1Y low
3484
May 4, 2026
1Y high
5169
Jan 18, 2026
Normal band
3978–4712
mean ± 1 std dev
Deviation from mean
-0.70σ
315 observations
Steel to Propane ratio charts
Pick a range once — it applies to the STEEL/PROP ratio line, the OHLC candles and the Steel / Propane price chart below.
STEEL/PROP ratio line
How many Gal of Propane one T of Steel buys, over 1Y.
STEEL/PROP ratio candles
Open, high, low and close of the STEEL/PROP ratio for each period in the last 1Y.
Steel and Propane 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 propane ratio
Steel to Propane ratio = Steel price per Metric Ton ÷ Propane price per Gallon
The two legs use different units, so the result is a rate — Gallons of propane per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $0.7500 = 4088. The inverse is 0.0002446.
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 propane ratio today?
The steel to propane ratio is 4088 — Steel at $3,066.00 per Metric Ton divided by Propane at $0.7500 per Gallon, from live mid-market prices.
How do you calculate the steel to propane ratio?
Divide the steel price per Metric Ton by the propane price per Gallon. If the two units differ, the result is a rate rather than a plain count — read it as Gallons of propane per Metric Ton of steel.
What is the inverse of the steel to propane ratio?
The inverse, propane to steel, is 0.0002446 — how many Metric Tons of steel one Gallon of propane buys.