Coal is the most important fossil fuel in the world today. It is used to generate electricity, heat homes, and run factories. It is the most widely used fossil fuel in the world today. Coal futures are contracts that allow people to buy or sell coal at a specific price at a specific time in the future. The price of coal futures depends on many factors, such as the weather and the demand for coal.
The energy trading sector uses Newcastle Coal Futures to trade coal futures contracts on the Chicago Board of Trade (CBOT). These futures contracts are used by traders who want to buy or sell coal at a specific price in the future. Similarly, these can also be used by companies that need to buy or sell coal at a specific time in the future. This allows them to fix their costs or revenues in advance. Trading coal features can be challenging, but fortunately, a coal prices API can facilitate this task for potential investors.
By using a coal prices API, customers can access information from the Newcastle coal futures market and monitor the changes in coal prices over time. This may be useful to investors looking to track the price of coal over time and predict future prices. Then, programmers can use this information to create apps or websites that let users track the market or trade futures contracts.
When choosing a coal prices API, it is important to consider that not all APIs are created equal, some are more user-friendly than others, and some provide more capability. Consequently, we recommend the commodities API. You can quickly and easily make profitable coal investments with the aid of this API.
Commodities API
With the help of the commodities API, you can get the most recent information on a variety of commodities, including coal, metals, energy items, and more. This API provides fast and reliable information with the requested information, including prices and other recent information. Knowing how prices are currently behaving as well as how they have historically behaved will help you make better trading selections.
The commodities API is a great tool for developers. It streamlines the responsibilities of developers by not creating an API from scratch for its clients. Additionally, the commodities API provides data in JSON format, which is accepted by a wide range of well-known computer languages. As a result, it may be easily added to any piece of software or website that already exists.
How To Get Started With The Commodities API?
To get started, just register on the page for the commodities API. After that, pick the base currency, symbols, and endpoint that best meets your requirements. To launch the API call, click “run” at the end. The data will be delivered in just a few seconds.
Inputting the base currency “USD,” the sign “COAL,” and the endpoint “Latest rates,” we obtained the following result:
{"data":{"success":true,"timestamp":1683781380,"date":"2023-05-11","base":"USD","rates":{"COAL":0.0080808080808081},"unit":{"COAL":"per tonne"}}}According to the response, 0.0080808080808081 tons of coal are equal to one US dollar.
The commodities API provides you with accurate data on both spot and futures prices for coal. You can use this information to make better decisions about your investments or to track the price movements of coal over time. Furthermore, depending on the subscription you choose, you can perform up to 100.000 API requests each month and receive data updates every 60 seconds. Start using the commodities API today to make sure your energy trading compliance requirements are met!