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The coal industry is one of the most important ones in the world. It provides more than 40% of the world’s electricity and more than 80% of its steel industry. However, it is not a stable industry. Prices fluctuate constantly and if your company does not keep track of them, you will lose a lot of money. This is why many companies have started using API to get real-time updates on coal prices. This way they can plan their purchases and sales in advance and make sure they always have the best price available.

But not all APIs are created equal, so we have searched the web for the best Coal Price API that is available today. You can benefit from an API by receiving real-time information about coal prices in various global markets. By doing so, you may make smarter decisions about your trading strategy and always be aware of the most recent market conditions.

The price of coal fluctuates due to a variety of factors. One of the key factors is supply and demand. Price increases are usual during periods of high coal demand. Prices also tend to rise when there is a lack of a particular good or service. An other factor that might affect coal pricing is geopolitical developments. For instance, when there are disputes between countries, this may lead to disruptions in coal production and shipment, which can increase costs.

People are constantly looking for accurate coal prices so they can know how much to spend for the coal they need. Unfortunately, this can be a difficult task given the large range of factors that could affect coal pricing. For instance, location, quality, and quantity are only a few variables that might affect the price of coal.

The Commodities API is without a doubt the best option if you’re looking for accurate coal pricing data.

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 send API requests for data on one or more currencies, data on daily changes, value conversion, and time series data for one or more currencies. It can also send API requests for the most recent commodity rate information for all or a selected subset of currencies.

Depending on the commodity you’re looking for, this API will provide you with a variety of replies. In this instance, we’re interested in finding out more about coal. The coal symbol offered by the API (COAL) can be used to look up information about coal:

{"data":{"success":true,"timestamp":1681510680,"date":"2023-04-14","base":"USD","rates":{"COAL":0.0073529411764706},"unit":"per tonne"}}

One dollar is equal to 0.0073529411764706 tonnes of coal, as you can see in the response.

The Commodities-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.

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.