Are you wondering how to stay up-to-date with coal prices? If so, you should use an API!

The price of coal usually fluctuates with the market. This happens because there are many factors that affect the price of coal. For instance, the cost of mining, transportation, and other expenses related to its extraction and transportation are some of them. In addition, the demand for this fuel also affects its price; as well as the price of other fuels. Furthermore, using an API will allow you to create accurate predictions about future prices. This will help you make better business decisions and get ahead of your competition!

Therefore, if you want to start using an API to stay up-to-date with coal prices; we suggest using a Coal Prices API. This one is a trustworthy tool that provides accurate and reliable data on all kinds of commodities. This tool uses artificial intelligence to provide you with accurate information on prices; as well as other data such as location, type of commodity, name, and more!

Many variables contribute to the fluctuating price of coal. Supply and demand are an important element. Price hikes are frequent when the demand for coal increases. When a given good or service is in high demand, prices typically increase. Another element that may have an impact on coal pricing is changes in geopolitics. For instance, when international disagreements emerge, this may result in delays in the mining and shipping of coal, which can raise costs.

If you’re seeking precise information on coal pricing, the Commodities API is without a doubt your best bet.

Commodities API

Via the Commodities API, which is made available by more than ten distinct exchange rate data providers for commodities pricing, developers can obtain real-time data on the value of commodities. The API offers a large number of endpoints, each of which has a specific purpose. Access to data on one or more currencies, information on daily changes, value conversion, and time series data for one or more currencies are all made available through the endpoint. To obtain the most recent commodity rate information for all or a selected group of currencies, it can also make API requests.

The responses you receive from this API will vary depending on the commodity you’re looking for. In this case, we’re curious to learn more about coal. To find out more about coal, use the API’s coal symbol (COAL):

{"data":{"success":true,"timestamp":1681744080,"date":"2023-04-17","base":"USD","rates":{"COAL":0.0073126142595978},"unit":"per tonne"}}

As you can see from the response, one dollar is equivalent to 0.0073126142595978 tonnes of coal.

All You Have To Do To Utilize It Is:

• Go to Commodities API and simply sign up, when you are done you’ll be ready to start using the API!
• Employ the different API endpoints using the symbols given by the API depending on what you are looking for.
• Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.

The Commodities API provides data in more than 170 different currencies with a two-decimal place precision. Depending on the subscription you select, you can make up to 100.000 API requests per month and get data updates every 60 seconds. There is a seven-day trial period available for this API.