If you are looking for a way to get access to global Newcastle coal futures prices, you are in luck. All you need is an API!

The price of Newcastle coal futures has been on the rise in recent years. This is due to rising demand and a shortage of supply. As a result, more and more people are looking for ways to get access to this information.

One way to do this is by using an API. An API, or application programming interface, is a way for two software systems to communicate with each other. This means that an API allows you to access data that is not available in your own system. In this case, you can use an Coal Prices API to get access to global Newcastle coal futures prices. This way you can monitor the market and make better decisions when it comes time to buy or sell.

On the Intercontinental Exchange (ICE) Futures U.S. trading platform, Newcastle coal futures are regular contracts. They make it possible for buyers and sellers to trade coal deliveries at a price decided upon at the time the contract was launched.

Newcastle coal futures contracts’ prices are influenced by a number of additional factors, such as the weather, global politics, and economic indicators, in addition to the market’s supply and demand at the time the contracts are traded.

Let’s Present The Commodities API!

Initially, commodity rates were provided by banks and the stock market via the Commodities-API, a simple, lightweight Open-Source API. This API can give programmers access to real-time commodity data at a frequency of up to every 60 seconds with a precision of two decimal places. A few of the capabilities include the ability to translate between single currencies, translate exchange rates for nearly any good, provide time-series data, and provide volatility information.

Next, well show you some definitions that may help you understand the response better:

• API Key: A unique key assigned to each API account used to authenticate with the API.
• Symbol: Refers to the three-letter currency code or metal code of a given currency.
• Base Currency: The currency to which exchange rates are relative to. (If 1 USD = X EUR, USD is the base currency)
• Target Currency: The currency an amount is converted to. (If 1 USD = X EUR, EUR is the target currency)
• Base URL: Refers to URL which all API request endpoints and URLs are based on.

You can obtain data from a variety of goods using this API. The API will provide a certain symbol that you must provide into the endpoint in order to receive a response that resembles this. Every object has a special symbol.

{"data":{"success":true,"timestamp":1684879380,"date":"2023-05-23","base":"USD","rates":{"COAL":0.0083507306889353},"unit":{"COAL":"per tonne"}}}

On this particular occasion, we required pricing and data for coal futures, and this API gave us the symbol “COAL”. This indicates that 0.0083507306889353 tonnes of coal are equivalent to one US dollar.

Simply Follow These Instructions To Use It:

• All you have to do is register at Commodities API if you want to access the API right immediately!
• Find the symbols that correspond to your search.
• Send them an API request with your chosen commodities in the symbol field and your specified currency in the base currency field.

Short on time for lengthy documentation? This Agriculture Rates API has you covered; you can access our Quickstart tool and test all API endpoints with a single click in the Dashboard part of your control panel.