Would you like to access coal prices? Do you need to obtain them urgently for your industry? Then today is your lucky day! In this article, you will find the solution to your problems. We present you with one of the best APIs, the best commodities prices API.
Coal is a fossil fuel resulting from a series of transformations on plant remains accumulated in marshy places, lagoons, and river deltas. Due to various chemical actions and variations in pressure and temperature over long intervals of time, these vegetables are transformed into carbon in a process called carbonization. There are four different types of coals. Anthracite and Bituminous coal: they are hard coals, totally carbonized. Lignite: it has not undergone the complete carbonization process and has the appearance of burnt wood. Peat: it is soft, brown, matte, light in weight and remains of plants can still be seen in it.
The calorific power of these coals varies from 2,000 to 7,000 kcal/kg. Also, its humidity ranges from 3% to 40% and volatile substances can range from 8% to 50%. As main impurities, there are sulfur (S) and nitrogen (N), which when burning coal are released in the form of SO2 and NOx to subsequently join water vapor and produce acid rain. In general, coal is used as a domestic and industrial fuel, as a reducer in the steel industry and, of course, as a fuel in thermal power plants.
If you want to obtain the prices of this commodity, there are many commodity exchanges, which specialize in this type of commodity. But, many times, getting prices from these platforms is difficult, which is why we recommend using this Top-Rated API. Its name is Commodities-API and its service is considered one of the best in the world.
Use Commodities-API!
If what you want is to obtain coal prices, the best option is to use Commodities-API. Thanks to this service, you will be able to collect data from 15 sources, such as banks and the main financial centers of the world. Its main characteristic is its impressive speed; It is even so fast that we can obtain updated data every 60 seconds and with a precision of 2 decimal places. In times of economic instability and high volatility, being up to date with prices will help us save a lot of money. Capabilities include delivering exchange rates for almost any Commodity, converting single currencies, returning Time-Series data and fluctuation data. As an extra piece of information, you can also create charts to analyze the information more easily.
How much do you have to pay to use this service?
Believe it or not, Commodities-API is free and you can get coal rates without paying anything. But remember that the free version has certain limitations on the number of “API calls” and the price update frequency is much higher. If this is not enough for you, there are 2 plans (basic and professional), which will surely meet your expectations.
Any questions, contact [email protected] and the support team will be with you shortly. Urgent requests are usually handled within minutes.
Also published on Medium.