If you want to know more about the Newcastle Coal Futures and its potential to transform energy trading, keep reading. 

Electricity can be produced by burning coal in a steam turbine or furnace. The generated steam then drives a turbine, which generates energy. Coal is the most widely used fossil fuel for generating electricity because it is both affordable and accessible. Electricity can be produced by burning coal in a steam turbine or furnace. The generated steam then drives a turbine, which generates energy.

You may complete all of these jobs with the use of a Coal Prices API. You can use this API to get real-time market data to help you choose your investments more wisely. This API can also be used to determine the ideal timing to buy or sell coal. As a result of your better financial judgments as a result of using this API, your ROI will be higher. Additionally, you will avoid losses that could endanger your company.

A typical coal buy or sale agreement between two parties that details the quantity of coal to be bought or sold, the price to be paid, and the delivery date. The cost of coal futures contracts tends to alter over time as supply and demand factors shift.

The cost of coal futures contracts tends to alter over time as supply and demand factors shift. Exchange-traded futures contracts are settled at the contract’s expiration.

Commodities API

Commodities-API started out as a simple, lightweight Open-Source API for current and historical commodities rates published by the banks and the stock market. With a frequency of up to every 60 seconds and a precision of 2 decimal places, this API can give real-time commodity data. offering exchange rates for nearly any commodity, converting between single currencies, offering time-series data, and returning fluctuation data are just a few of the capabilities.

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.

Using this API, you can get data from a wide range of products. The API will provide a specific symbol for you to enter into the endpoint, after which it will return a response that looks like this. Every item has a unique 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 indicates that 0.0083507306889353 tonnes of coal are equivalent to one US dollar.

The API for Commodities Prices collects data on commodities prices every minute from over 15 dependable data sources. Banks and companies that provide financial data are sources. The same API endpoints can be used to convert any amount between currencies and commodities, as well as between any commodity and any other commodity, and any currency and any other commodity.