Would you like to get the New York Mercantile Exchange (NYMEX) metals rates? Well, in this article, you will find how to obtain them. We will present you an amazing API that will surely help you. It is the best NYMEX rates API.
Metals are elemental substances, such as gold, silver, and copper. They are crystalline in their solid form and are found naturally in minerals. They are usually good conductors of electricity and heat, have a shiny appearance, and are ductile. The metals we use daily are produced by transforming metallic minerals into their final form. And for this, it is necessary to use special chemicals and technologies.
Metals are often grouped by their properties or their function. For example, precious metals such as gold, silver, or platinum. They are traded on international markets and are used in a variety of applications, from jewelry to electronics to car catalytic converters. Base metals such as copper, lead, and zinc. Refined versions of these metals are widely traded in international markets. They are the basic building materials of much of the world around us. Finally, the alloys are made from the mixture of two or more metallic elements to form a new and unique substance with chemical and physical properties different from those of its components. More than 90% of metals in use today are alloys.
To obtain metal prices, the best option if you are American and especially from New York, is to buy them from NYMEX. The New York Mercantile Exchange (NYMEX) is a commodity exchange, headquartered in New York City (United States), belonging to the CME Group of Chicago since 2008. However, there is an API called Metals-API that will make it even easier more this task.
Why Metals-API?
In case you didn’t know, Metals-API is the most used metals price API in the world. And this is due to several reasons. First of all, its excellent sources of information explain why Metals-API became the most trusted API in the world. This platform works with the most famous commodity exchanges in the world, such as The New York Mercantile Exchange (NYMEX). And don’t worry about the currency, the prices will be displayed in the currency you want, US dollars, euros, whatever you want!
To date, there are more than 200,000 customers who have shown great satisfaction when using this service. Some of its clients are Metex, Mansour, Chainlink, among other companies. Capabilities include delivery of precious metal exchange rates, time series data feedback, fluctuation data, and the lowest and highest price of any day.
How much does it cost to use this service?
Surely you are wondering what is the price of this system and, well, there are 2 answers to this question. For example, the free plan offers 50 API calls/m and 1-hour updates. Instead, the professional plan will offer you 10,000 API calls/mo and 60 seconds updates. Obviously, the more you pay, the better the service.
If you have any questions, remember that on the website you will find a manual about how this system works. But if there is something you don’t understand, there is a virtual chat, always online from 9 a.m. to 6 p.m. (GMT+1).
Also published on Medium.