Did you know that rubber is a highly traded product worldwide? Read this post and find out how to start investing in this commodity with an API!
Rubber is an elastic polymer, which arises as a milky emulsion in the sap of various plants, but can also be produced synthetically. Its material is elastic, waterproof and resistant, obtained from the milky juice of certain tropical plants; It is used in the manufacture of tires, insulating pipes Rubber manufacturing begins with the tapping of latex sap from rubber trees by tappers. The latex is then purified and packed into drums before being processed into sheets. To do this, acid is added to the latex, causing it to cluster together.
Natural latex is employed in tires to the tune of 70%. Mattresses, condoms, shoe bottoms, hot water bottles, balloons, rubber boots, and seal rings are examples of natural rubber items. For some purposes, synthetic rubber can be used instead of natural rubber.
Thailand, Indonesia and Malaysia are top producers of rubber but rubber product manufacturing in Canada´s industries also crops a wide variety of products, including shock absorber mounts, rubber mats, shields, stair treads, subflooring, flooring and roofing. These products are primarily used for cushioning, insulation, vibration and sound dampening.
Rubber band market potential is huge and the industry will grow at over 8% per annum this decade. With Canada´s growing role in the world economy, the Canadian rubber industry has also been gaining global acceptance. This makes it attractive for investment since it is a possible country that, in the future, could be a large and important producer of rubber. This is due to the metrics and analysis of the economy of this market that gives space to the possibility of investing in the rubber business in the future. For this, they used Commodities-API.
What Is An API?
The abbreviation API stands for Application Programming Interface, which allows computer applications to interact with one another. The main purpose is to save time and money by reducing the amount of work that developers have to undertake.
Why Commodities-API?
Commodities-API is a free and open website that is managed thanks to an API. This platform allows you to obtain metric data for 170 products and currencies.
Easy to use
The first factor for choosing Commodities-API is the ease of use of the website, which basically boils down to three simple steps:
- Log in to the website
- Get an API-key
- Select the type of currency (CAD) and commodity (RUBBER) of your desire.
Secure
Another very important factor is the security that the site handles. The website uses bank-grade 256-bit SSL security to protect your connection. Thousands of developers, small enterprises, and large organizations utilize Commodities-API on a regular basis. Because of its extensive data sources and knowledge.