Commodity ratio · live
Ural Oil to Magnesium Ratio
The ural oil to magnesium ratio is 0.005081 — Ural Oil at $85.87 per Barrel divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 12:17 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Ural Oil to Magnesium ratio
1.000 Bbl of ural oil = 0.005081 T of magnesium
Inverse (MG/URAL-OIL): 196.8 — one Metric Ton of magnesium buys that much ural oil.
Above its 1 year average. (77th percentile of the last 1 year)
Ural Oil
$85.87
per Barrel
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Barrel ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Barrel of ural oil. Prices as of Mon, 24 Aug 2026 12:17:50 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.004114
median 0.003494
1Y low
0.002835
Jan 11, 2026
1Y high
0.006785
Apr 8, 2026
Normal band
0.002998–0.005229
mean ± 1 std dev
Deviation from mean
+0.87σ
311 observations
Ural Oil to Magnesium ratio charts
Pick a range once — it applies to the URAL-OIL/MG ratio line, the OHLC candles and the Ural Oil / Magnesium price chart below.
URAL-OIL/MG ratio line
How many T of Magnesium one Bbl of Ural Oil buys, over 1Y.
URAL-OIL/MG ratio candles
Open, high, low and close of the URAL-OIL/MG ratio for each period in the last 1Y.
Ural Oil and Magnesium prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the ural oil to magnesium ratio
Ural Oil to Magnesium ratio = Ural Oil price per Barrel ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Barrel of ural oil — rather than a plain count.
Worked example, live prices: $85.87 ÷ $16,900.00 = 0.005081. The inverse is 196.8.
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 ural oil to magnesium ratio today?
The ural oil to magnesium ratio is 0.005081 — Ural Oil at $85.87 per Barrel divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the ural oil to magnesium ratio?
Divide the ural oil price per Barrel by the magnesium 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 magnesium per Barrel of ural oil.
What is the inverse of the ural oil to magnesium ratio?
The inverse, magnesium to ural oil, is 196.8 — how many Barrels of ural oil one Metric Ton of magnesium buys.