If you want to know the real-time rate of rubber, I recommend reading this post because it contains information on how to do it using an API.
Rubber is one of the most important components in the tire’s construction. Latex, a milky material, is used to make it. Also, is derived from tropical plants, the most notable of which is the Amazonian hevea brasiliensis. Elasticity, water repellency, and electrical resistance are all characteristics of this material.
Natural rubber and synthetic rubber are classified as natural rubber and synthetic rubber, respectively, based on their origin.
- Natural Rubber: A natural polymer made from the latex sap of rubber trees. Because of its elasticity, rubber is a commonly utilized material.
- Synthetic rubbers are man-made elastomers that are created from petroleum waste. In terms of tensile strength, they are twice as strong as natural rubber.
If you acquire or are aware of this sort of raw material, you must be aware of the current pricing. As this might make a difference in the lives of others. It’s also critical to know the pricing in real-time. Because market swings can result in big losses or gains of money on a regular basis.
This may be accomplished via an API. Application Programming Interface is the abbreviation for Application Programming Interface. They enable apps and programs used by everyone to interact with one another.
Commodities-API is a programmatic interface that receives data from a location and provides it to the person who made the API request, allowing you to keep up with real market prices. You might use this site to look for live rubber rates and monitor how they fare in the market.
Why Commodities-API?
Rubber prices may be tracked using Commodities-API, a tool that allows you to follow the prices of a variety of commodities. This way, you’ll be able to anticipate prices and convert them into the currency of your choice. Rice, wheat, coffee, corn, sugar, natural gas, Brent crude oil, WTI crude oil, soybeans, gold, silver, and a range of other commodities are also supported by this platform.
Commodities-API is a piece of software that collects and verifies data from banks and the stock market. When you submit an API request, the data is returned to you with a precision of 2 decimal points and in a variety of programming languages. Furthermore, this program secures your connection with bank-grade 256-bit SSL encryption.
Also, for currency and commodity price conversions, the same API endpoints are utilized, and they may be used to convert any amount from one currency to another, from one commodity to another, or from any currency to any currency.
How does it work?
To find out how much live rubber costs, perform the following:
1- Get your unique API key by registering at www.commodities-API.com.
2- Look up the rubber symbols as well as the currencies you’ll be working with.
3- Using these symbols, locate the commodity and money in the list. Once you’ve settled on them, make the API call.
4- The website will provide an API that you may alter, utilize, and adapt as needed in a number of computer languages.
Also published on Medium.