Commodity ratio · live
Steel to Soybean Oil Ratio
The steel to soybean oil ratio is 4510 — Steel at $3,066.00 per Metric Ton divided by Soybean Oil at $0.6798 per Pound.
Prices as of Aug 24, 2026, 10:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Steel to Soybean Oil ratio
1.000 T of steel = 4,510.2 Lb of soybean oil
Inverse (ZL/STEEL): 0.0002217 — one Pound of soybean oil buys that much steel.
Close to the middle of its 1 year range. (30th percentile of the last 1 year)
Steel
¥3,066.00
per Metric Ton
Soybean Oil
¢0.6798
per Pound
Unit basis: CNY per Metric Ton ÷ US Cent per Pound. The ratio reads as Pounds of soybean oil per Metric Ton of steel. Prices as of Mon, 24 Aug 2026 10:31:47 GMT.
These two commodities are quoted in different currencies (CNY and US Cent). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
5215
median 5040
1Y low
4111
Jun 3, 2026
1Y high
6453
Dec 19, 2025
Normal band
4450–5980
mean ± 1 std dev
Deviation from mean
-0.92σ
251 observations
Steel to Soybean Oil ratio charts
Pick a range once — it applies to the STEEL/ZL ratio line, the OHLC candles and the Steel / Soybean Oil price chart below.
STEEL/ZL ratio line
How many Lb of Soybean Oil one T of Steel buys, over 1Y.
STEEL/ZL ratio candles
Open, high, low and close of the STEEL/ZL ratio for each period in the last 1Y.
Steel and Soybean 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 soybean oil ratio
Steel to Soybean Oil ratio = Steel price per Metric Ton ÷ Soybean Oil price per Pound
The two legs use different units, so the result is a rate — Pounds of soybean oil per Metric Ton of steel — rather than a plain count.
Worked example, live prices: $3,066.00 ÷ $0.6798 = 4510. The inverse is 0.0002217.
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 soybean oil ratio today?
The steel to soybean oil ratio is 4510 — Steel at $3,066.00 per Metric Ton divided by Soybean Oil at $0.6798 per Pound, from live mid-market prices.
How do you calculate the steel to soybean oil ratio?
Divide the steel price per Metric Ton by the soybean oil price per Pound. If the two units differ, the result is a rate rather than a plain count — read it as Pounds of soybean oil per Metric Ton of steel.
What is the inverse of the steel to soybean oil ratio?
The inverse, soybean oil to steel, is 0.0002217 — how many Metric Tons of steel one Pound of soybean oil buys.