Commodity ratio · live
Soybean Oil to Steel Ratio
The soybean oil to steel ratio is 0.0002217 — Soybean Oil at $0.6798 per Pound divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:31 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Soybean Oil to Steel ratio
1.000 Lb of soybean oil = 0.0002217 T of steel
Inverse (STEEL/ZL): 4510 — one Metric Ton of steel buys that much soybean oil.
Close to the middle of its 1 year range. (70th percentile of the last 1 year)
Soybean Oil
¢0.6798
per Pound
Steel
¥3,066.00
per Metric Ton
Unit basis: US Cent per Pound ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Pound of soybean oil. Prices as of Mon, 24 Aug 2026 10:31:48 GMT.
These two commodities are quoted in different currencies (US Cent and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.0001959
median 0.0001984
1Y low
0.0001550
Dec 19, 2025
1Y high
0.0002433
Jun 3, 2026
Normal band
0.0001674–0.0002245
mean ± 1 std dev
Deviation from mean
+0.90σ
251 observations
Soybean Oil to Steel ratio charts
Pick a range once — it applies to the ZL/STEEL ratio line, the OHLC candles and the Soybean Oil / Steel price chart below.
ZL/STEEL ratio line
How many T of Steel one Lb of Soybean Oil buys, over 1Y.
ZL/STEEL ratio candles
Open, high, low and close of the ZL/STEEL ratio for each period in the last 1Y.
Soybean Oil and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the soybean oil to steel ratio
Soybean Oil to Steel ratio = Soybean Oil price per Pound ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Pound of soybean oil — rather than a plain count.
Worked example, live prices: $0.6798 ÷ $3,066.00 = 0.0002217. The inverse is 4510.
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 soybean oil to steel ratio today?
The soybean oil to steel ratio is 0.0002217 — Soybean Oil at $0.6798 per Pound divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the soybean oil to steel ratio?
Divide the soybean oil price per Pound by the steel 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 steel per Pound of soybean oil.
What is the inverse of the soybean oil to steel ratio?
The inverse, steel to soybean oil, is 4510 — how many Pounds of soybean oil one Metric Ton of steel buys.