If you’re a developer that’s interested in the role of coal futures in clean energy transition, this is the article for you!
Newcastle coal is a type of coal that is mined in the Newcastle region of Australia. It is a bit different from other types of coal because it has lower sulfur content than most other coals. This makes Newcastle coal a cleaner fuel than other coals, and also more suitable for use in power plants that need to meet strict emissions standards. You can track the values of coal futures contracts daily thanks to an API. As a result, you can forecast future price alterations and decide whether to purchase or sell your coal futures contracts with confidence.
There are many different APIs available for clean energy transition, but one of the best is the Coal Prices API. This API provides up-to-date information on Newcastle coal prices as well as predictions on where they will be headed in the future. This information can be used to make smart decisions about your business or personal finances. It can also be used to plan for the future and make sure you’re prepared for any changes in the market.
Newcastle coal is also known for its high quality, which makes it a popular fuel for many industries. It is used in steel production, cement manufacturing, and for power generation. Newcastle coal futures are a type of futures contract that trade on the New York Mercantile Exchange (NYMEX). These futures are used by investors to speculate on the future price of Newcastle coal.
Overall, the Commodities API is a potent tool that can assist you in lowering your carbon footprint by assisting you in selecting your commodity investments with greater knowledge.
Commodities API
This API has millisecond response times, guaranteed availability, and scalable volumes. In addition to live data, the API has distinct endpoints for Time-Series, single currency conversion, and other things.
Every day, thousands of developers, SMBs, and large organizations use Commodities-API. Our API is the best source for commodities rates because of its reliable data sources and six plus years of experience.
To Use It, Just Adhere To These Steps:
- To use the API right away, all you need to do is sign up at Commodities API!
- Depending on your needs, use the various API endpoints and the symbols the API offers.
- Simply click “run” to initiate the necessary API call after locating the pertinent endpoint, then observe the outcomes appear on your screen.
You can obtain a variety of information from a variety of commodities using this API. The API will provide you with a special symbol to type into the endpoint, and it will display a response similar to this one. Each commodity has a distinctive symbol.
{"data":{"success":true,"timestamp":1684793280,"date":"2023-05-22","base":"USD","rates":{"COAL":0.0083507306889353},"unit":{"COAL":"per tonne"}}}
We needed pricing and data for coal futures on this specific occasion, and this API provided us with the symbol “COAL”. This response demonstrates that 0.0083507306889353 tonnes of coal are equivalent to one US dollar.
The World Bank is one of the institutions and financial data providers which contribute commodities data to the API for Commodities Prices. Any time of day or year, the top-notch support staff for this API is here to help.