If you want to retrieve historical Newcastle coal futures data using an API, this article is for you. It will tell you how to do it and more. 

The Newcastle coal market, commonly known as the NEM (Newcastle Electricity Market), is a futures market for coal delivery contracts. It is located in New South Wales, Australia, and is the world’s largest coal market. The NEM is a futures market that trades coal delivery contracts. It was founded in 1989 and is headquartered in New South Wales, Australia. This market serves as a barometer for global coal prices. It is one of the world’s largest coal markets, trading contracts for coal delivery.

The term API refers to a collection of methods and protocols that allow two apps to communicate with one another. APIs enable users to have access to and utilise capabilities of other apps or operating systems. A Coal Prices API allows users to obtain historical futures data from various commodities. This means that you will be able to use this API to access historical Newcastle coal futures data.

The Newcastle Coal Futures Market is the largest coal market in the world and it trades contracts for the delivery of coal.  It is a benchmark for coal prices around the world. So, if you are looking to retrieve historical Newcastle coal futures data using an API, you have come to the right place. In this article, we’ll explain how you can do it.

Commodities API

Developers can get real-time data on valued commodities through the Commodities API, which is offered by more than 10 different exchange rate data providers for commodities pricing. The API contains numerous endpoints, each of which serves a distinct purpose. The endpoint can receive API requests for currency data, daily changes, value conversion, and time series data for one or more currencies. It can also send API calls for the most up-to-date commodity rate data for all or a subset of currencies.

This API will provide a range of results depending on the commodity you’re looking for. In this case, we’re interested in learning more about coal. The API’s coal symbol (COAL) can be used to find up information about it:

{"data":{"success":true,"timestamp":1683666360,"date":"2023-05-09","base":"USD","rates":{"COAL":0.008},"unit":{"COAL":"per tonne"}}}

One dollar is equal to 0.008 tonnes of coal, as you can see in the response.

All You Have To Do To Utilize It Is:

• Simply go to Commodities API and sign up; once done, you’ll be ready to use the API!
• Depending on what you’re looking for, use the various API endpoints and the symbols provided by the API.
• Once you’ve found your required endpoint, perform the API call by selecting the “run” button and view the results on your screen.

The Agriculture Rates API offers data with a two-decimal place precision in more than 170 different currencies. You can perform up to 100.000 API requests each month and receive data updates every 60 seconds, depending on the subscription you choose. This API also comes with a seven-day trial period.