Do you wish to know the price of rubber in USD every hour? We have the perfect answer for you!
Rubber, often known as latex or caucho, is a flexible substance. It is extensively used in elastic rubber bands, erasers, automotive tires, and other applications due to its hardness, elasticity, and durability. This chemical is supposed to be great for removing pencil traces off paper, thus its name.
Today, the Far East still produces the bulk of natural rubber, but Russia and its former republics, France, Germany, and the United States are among the world’s largest synthetic rubber producers. The Harbel Rubber Plantation, located outside of Monrovia, Liberia, Africa, and established by the Firestone tire firm in the 1920s and 1930s, is the world’s largest single source of latex rubber.
Natural rubber and synthetic rubber are the two types of rubbers depending on their origin. Let’s go through them one at a time:
- Natural Rubber: A naturally occurring polymer generated from the latex sap of the rubber tree. Rubber is a widely used material due to its flexibility.
- Synthetic Rubber: Synthetic rubbers are man-made elastomers derived from petroleum wastes. They are twice as strong as natural rubber in terms of tensile strength.
So, if you want to get rubber rates in USD, you should realize that an API is highly handy. An API is a piece of technology that gathers data from a location and provides it to the individual who requested the API. This is popular on many websites and comes in handy when you require the most up-to-date information as quickly as possible.
Where Can I Get This?
If you need rubber rates in USD, we believe Commodities-API, a free online API that provides real-time data on commodity prices such as coffee, rice, sugar, and wheat, among others, may be of great use.
To obtain the data, you must first complete the following steps:
- Register for your own API key at www.commodities-API.com.
- Look up the rubber and American dollars symbols. These are RUBBER and USD.
- Using these symbols, locate the product and money in the list. After you’ve settled on them, make the API call.
- The website will provide an API in a variety of computer languages, which you may update, use, and adapt as you see appropriate.
How Accurate Is This?
Commodities-API can deliver real-time commodities data with an accuracy of 2 decimal points and a frequency of up to 60 seconds. There are exchange rates for almost every commodity, as well as Precious Metals, currency conversion, Time-Series data, and volatility information.
Rice, wheat, coffee, corn, sugar, Brent crude oil, West Texas Intermediate crude oil, soybeans, gold, silver, and other commodities all rise in price. This API provides accurate commodity and exchange rate data for almost every commodity, as well as 170 different foreign currencies, including Bitcoin and other major cryptocurrencies.
Also published on Medium.