Are you interested in investing in rubber? This post is for you!
Natural rubber is obtained from certain types of trees, including the Hevea brasiliensis native to the Amazon, and commonly known as the crying tree, because after making an incision or indentation in its bark, it drops a milky substance in liquid form called latex.
Synthetic rubber and natural rubber show similar qualities when processed since both are from unsaturated hydrocarbons, from surplus oil. The basic compounds that give rise to synthetic rubber are called monomers, which when joined form giant molecules called polymers. Once the manufacturing process is finished, the rubber is vulcanized. Through this process, raw rubber is heated in the presence of sulfur to harden it and improve its resistance to cold. The linear polymers are cross-linked and the sticky surface of the material is transformed into a smooth, non-adherent surface on metal or plastic substrates.
Although China is the largest importer of rubber in the world, imports of rubber manufacture in Australia increased to 403 AUD Million in December from 387 AUD Million in November of 2021. Besides that, since 2019, the top partner countries from which Australia Imports Plastic or Rubber include China, United States, Japan, Thailand and Malaysia.
This makes Australia a country with potential for rubber investment in the market. To monitor the ups and downs of rubber in the AUD coin, we recommend Commodities-API.
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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.
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Data from the Commodities-API may be supplied to you in whatever currency you choose, with a precision of 2 decimal points, and from a wide variety of over 170 options. You may also get data updates every 60 seconds and make 100.000 API queries every month. To obtain the information, first log in to the website, obtain an API key, and then select the desired currency or metal.
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Sites like Barchart, CommoPrices, among others may provide the same service as Commodities-API, but we recommend Commodities-API for several reasons, including:
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