You’ve arrived to the correct site if you’re seeking for the best rubber costs and want to learn how to find rubber rates using PHP. We’ve got you covered.
Rubber is the second most widely consumed natural resource. The world consumes about 32 million tons of rubber annually. Out of this total, some 26 million tons are produced from natural rubber, while the remaining 6 million tons are synthetic rubbers.
Rubber is a natural or synthetic substance that can be made into a solid, flexible material that withstands compressive stress. While rubber may seem like a simple material, the applications that it has are infinite.
If you’re thinking of investing in anything like this, you should be aware of how important it is to keep up with market prices. This might be the impetus for your investments to change course. If you don’t keep an eye on the commodity and how it performs in the market, you can wind up with poor outcomes and lose money.
If you’re curious about rubber and its current price, use Commodities-API, a programmatic interface that obtains data from a location and returns it to the person who made the API request. Many websites have this option, and it makes things a lot easier when you need to acquire updated information quickly.
The majority of these responses use JSON and Python, but today we’ll concentrate on PHP. Why
What is PHP (cURL)?
The PHP (Hypertext Preprocessor) programming language is well-known for creating dynamic and interactive web pages. It was one of the first server-side languages to be integrated into HTML, allowing web developers to quickly add functionality to websites without having to rely on data from separate files.
Developers can alter the structure of the language because it is open-source, therefore it can be used in any project.
What is the Commodities-API and how does it work?
Commodities-API is a great option. This is a website where you can keep track of the pricing of many items, including rubber. With this, you’ll be able to predict prices and convert them into the currency of your choice.
Because it collects and validates data from banks and the stock market, this software is extremely safe. When you submit an API call, you will receive data in a range of programming languages with a precision of 2 decimal points. Furthermore, this software uses bank-grade 256-bit SSL encryption to protect your connection.
Currency and commodity price conversions are done using the same API endpoints, and they may convert any amount from one currency to another, one commodity to another, or any currency to any currency.
To take advantage of it, you must first do the following:
- Sign up for a free account at www.commodities-API.com.
- Look for the Ethanol and your selected currency symbols.
- After you’ve inserted them both, make the API call.
- You’ll get a lot of replies from the software; check for the PHP one among them.
- The answer in PHP will look something like this:
// set API Endpoint and API key
$endpoint = ‘latest’;
$access_key = ‘API_KEY’;
// Initialize CURL:
$ch = curl_init(‘https://commodities-api.com/api/’.$endpoint.’?access_key=’.$access_key.”);
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
// Store the data:
$json = curl_exec($ch);
curl_close($ch);
// Decode JSON response:
$exchangeRates = json_decode($json, true);
// Access the exchange rate values, e.g. GBP:
echo $exchangeRates[‘rates’][‘GBP’];