Do you use Open Exchange Rates to get commodities rates for coal rates? Read this article and learn about these other three options of getting fluctuation data by Commodites Prices API!
To get started, coal it´s a fuel-grade black or dark-brown rock that burns easily and is primarily made of activated carbon plant debris. It is typically found in subsurface seams. With more than 36% of the world’s electricity currently coming from coal, it is the most plentiful energy source. Nearly a quarter of the world’s electricity is produced by coal-fired power plants.
It powers the majority of the gear and equipment used in homes, offices, and industries as well as lights up buildings, streets, and provides heat for both household and industrial use. With more than 36% of the world’s electricity currently coming from coal, it is the most plentiful energy source.
Similar to the rest of the power sector, coal stocks have soared on in the year, but analysts believe that these improvements are probable to be temporary for an economy that faces a bleak future as regulators, activists, and cooperation – work to decrease the use of energy sources to lower emissions of greenhouse gases.
Because fuel is the greatest source of electricity generation and the second-largest source of primary energy, coal is just as significant to traders as oil and gas. The economy is impacted by changes in coal prices, just as they are by variations in oil and natural gas prices.
That is why for investing in the internet of commodities, in this case, from coal we recommend the use of platforms such as Open Exchanges Rates, which are dedicated to providing their users with market data quickly and safely by an API for commodities prices. We bring you these three other options that are mostly open source platforms:
Commodities-API
Commodities-API A open API is available that shows the price of commodities like wheat, rice, coffee, and sugar. To access the data, go to the website, obtain an API key, and then select the appropriate currency and commodity. With this API for commodity data you may use the information whatever you like; that is all there is to it. From a selection of more than 170 possibilities, the Commodities-API can provide data in any currency you require, with an accuracy of two decimal places. Each month, you are allowed to make up to 100.000 API requests and receive data updates every 60 seconds.
Barchart
Among the earliest companies to offer product and futures market information was Barchart, an international financial software company that provides market data and services to the financial, media, and commodities sectors. While its media companies offer web content, news, and magazines to financial and commodities professionals to aid in decision-making, Barchart’s distinct data, software, and technology solutions power the operations of its varied customer base from front to back office.
CommoPrices
More than 10,000 commodities and indexes are accessible through the CommoPrices API. The data may be updated daily, weekly, or monthly, depending on the source. A industry’s movement is dependent on the amount of data present. By looking for a commodity on www.api.commoprices.com, users may find out more information about it.