If you want to know how to get the prices of different raw materials such as cotton and rubber then I recommend you to read this article, because here you will find information on how to know the price with an API.
The rubber industry is volatile. Therefore, it is essential to keep up to date with price changes. We will show you how to use an API to get the prices of various raw materials. Rubber is obtained from Hevea trees by cutting into the bark and placing a container in the wound to collect the latex. This commodity acquires a certain consistency after being smoked over an open fire, and can then be stretched to form even waterproof fabrics. The elasticity, water repellency and electrical resistance of this natural or synthetic substance distinguish it.
Cotton, on the other hand, is a widely traded agricultural product. This is true throughout the world. It is produced in approximately 80 regions. It is widely consumed throughout the world. The fiber is widely used as a raw material in textiles. The seed is an important source of vegetable oil worldwide.
Cotton prices are influenced by factors such as whether the season was wet or dry. The policies of the governments where this raw material is sown and harvested, but on the other hand, have a direct impact on the value.
That is why it is very important for people buying this type of raw material to be informed about prices. There are some APIs on the market that allow to know the prices, e.g. Commodities-API
For Example:
1- Go to www.commodities-API.com
2- Record to get your own API key.
3- Examine the symbols in the list.
4- Then make the API call. This can be accomplished using the symbols on the board.
5- The site will deliver an API in various computer terminologies.
The data they provide is extremely accurate. It is accurate to two decimal places. But on the other hand, they have more than 170 currencies from which you can choose the type to display. This gives it an important competitive advantage in the market.
It is a simple and reliable API. It lists the prices of various commodities and raw materials. Commodities-API can be used to view multiple prices in multiple currencies.