Commodity ratio · live
Urea to Magnesium Ratio
The urea to magnesium ratio is 0.02420 — Urea at $409.00 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:18 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Urea to Magnesium ratio
1.000 T of urea = 0.02420 T of magnesium
Inverse (MG/UREA): 41.32 — one Metric Ton of magnesium buys that much urea.
Close to the middle of its 1 year range. (61th percentile of the last 1 year)
Urea
$409.00
per Metric Ton
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Metric Ton of urea. Prices as of Mon, 24 Aug 2026 11:18:43 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
0.02605
median 0.02324
1Y low
0.02049
Jun 17, 2026
1Y high
0.04001
Apr 15, 2026
Normal band
0.02037–0.03173
mean ± 1 std dev
Deviation from mean
-0.32σ
357 observations
Urea to Magnesium ratio charts
Pick a range once — it applies to the UREA/MG ratio line, the OHLC candles and the Urea / Magnesium price chart below.
UREA/MG ratio line
How many T of Magnesium one T of Urea buys, over 1Y.
UREA/MG ratio candles
Open, high, low and close of the UREA/MG ratio for each period in the last 1Y.
Urea 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 urea to magnesium ratio
Urea to Magnesium ratio = Urea price per Metric Ton ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Metric Ton of urea — rather than a plain count.
Worked example, live prices: $409.00 ÷ $16,900.00 = 0.02420. The inverse is 41.32.
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 urea to magnesium ratio today?
The urea to magnesium ratio is 0.02420 — Urea at $409.00 per Metric Ton divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the urea to magnesium ratio?
Divide the urea price per Metric Ton 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 Metric Ton of urea.
What is the inverse of the urea to magnesium ratio?
The inverse, magnesium to urea, is 41.32 — how many Metric Tons of urea one Metric Ton of magnesium buys.