Do you live in japan? Especially in Tokyo? Well, if you are tirelessly looking for coal prices in the legal tender of your country, you should know that in this post you will get the answer. It is an API, considered the best commodities rates API.
Coal is called a fossil substance resulting from the decomposition process of woody material. Coal, which is used as fuel, is a non-renewable resource: it cannot be regenerated or produced to sustain its consumption. Composed of sulfur, nitrogen, hydrogen, oxygen and other elements, coal emerged mainly in the so-called Carboniferous Period, which ended about 300 million years ago. The geological process that converted plant-like organic substances into carbon is called carbonization.
The development of coal begins with the accumulation of plants in shallow marine or marshy regions. The remains of these plants settle to the bottom and, being covered by water, are protected from the air. Over time, anaerobic bacteria transform the substances, which begin to become enriched in carbon and covered with clay and sand. When used as a fuel, coal can be used to produce electrical energy. Coal is also used in the steel industry and in the production of cement, for example. There is also charcoal, which is a solid, dark-colored material that arises from the incomplete combustion or distillation of vegetable residues and wood. It is a substance with a high percentage of carbon.
Although coal has lost its important role for humanity, it is still used, although to a lesser extent. For this reason, if you are Japanese and need to obtain the prices of this commodity in Japanese yen, we suggest you use this service called Commodities-API. More details are below:
Why should you use Commodities-API?
Understanding Commodities-API is the first step. It is an API, as its ending suggests. This is built on a set of standards and protocols designed to integrate systems and make it easier for software applications to communicate with one another. It was developed to gather data and keep you informed about the costs of a wide range of commodities, such as coal, rubber, rice, coffee, corn, sugar, wheat, lumber, and so on. All of the information is updated every 60 seconds with a precision of two decimal places. Using just the best, most reputable sources possible. Many developers, SMEs, and major businesses utilize it because of how reliable it is. Companies like Metex, Chainlink, Glencore, and Injective Protocol are a few examples.
The cost, which for some is the most crucial factor, comes last. You undoubtedly believe that this system is pricey, but you’ll be surprised by the response. Commodities-API is totally free. In other words, you won’t have to pay anything to view the coal pricing. However, it is also true that paid plans with superior advantages exist. These plans range in price from $15 to $50 per month. You should visit its website where you may find the key distinctions between the free, basic, and professional programs under the “pricing” section.
And finally, thanks to a sophisticated system, Commodities-API receives daily quotes for each legal tender, so you forget about conversions. Directly, you will receive the prices converted to Japanese yen.
Also published on Medium.