Are you looking for SHFE futures securities? In this post, we are going to talk about an API that helps you get all this information to share with your audience.
There has been a lot of volatility in precious metal prices lately, both spot and future. This has to do with macroeconomic factors. First the Covid around the world, the subsequent stagflation that is weakening central economies, and lastly, the war in Eastern Europe.
This situation is paralyzing the global supply chain, so primary resources are experiencing many fluctuations in their market. This is why it is important to pay attention to the most important futures markets in the world.
In this sense, China is one of the most important metal importing and exporting powers in the international economy. That is why it is essential if you want to participate in this business, that you look at SHFE’s values.
The Shanghai Futures Exchange (SHFE) is an exchange regulated by the China Securities Regulatory Commission. The same is destined for the futures of precious metals and raw materials.
Its orientation is aimed not only at the local market but also at connecting the Chinese resource market with the rest of the world. In this way, SHFE offers various risk management tools for international and national buyers.
This Shanghai market was born in 1999 and since then it has combined different futures options and a stable platform to able to guarantee the different operations and transactions. It currently has 20 futures and 5 options of different types. Different precious metals markets are currently growing and others are falling too much, so it is necessary to pay attention to this central stock exchange in the world.
Use An API
If you require metal for your industry or want to use it as a property, you must keep up with SHFE market values. It is also critical to be able to retrieve previous rates. You may then consider multiple periods and observe what variables affect the cost to determine when is the ideal time to purchase.
An API will be particularly handy for this because it transmits fresh data in real-time. To communicate directly with other purchasers or users, you may add an API to your digital media. It will portray you as a responsible and professional business. People recommend Metals-API for obtaining SHFE metal futures contracts.
About Metals-API
This API contains full documentation, including over 170 elements and exchange rates from across the globe. You can find metals such as copper, zinc, aluminum, and more. Among the currencies, you can view prices in USD, euro, yuan, and a lot of international currencies. Furthermore, it is growing and expanding material, making it ever more thorough. You can use it in a wide range of languages, making coding relatively easy.
In addition, you will be able to become an expert investor because you will be able to see both the SHFE futures contracts and you will see that this is an LME rates API. You will be able to look at information from the most important markets in the world and the most relevant financial entities.