If you want to get methanol prices, you should use this commodities API we present here, to accomplish this aim.
Methanol, also known as wood alcohol and methyl alcohol, is a kind of non-drinkable alcohol. It is a colorless, volatile, flammable liquid that, unlike ethanol, is poisonous to humans. It is also utilized in the production of several other compounds, including acetic acid. Methanol is created spontaneously and in tiny amounts by many living things as part of their metabolic processes. Methanol, for example, is found naturally in many fruits and vegetables.
This product has several potential applications. Methanol possesses chemical characteristics that allow it to reduce the cold point and raise the boiling point of liquids in aqueous media.
Because of these properties, methanol may be used as an anticold substance in windshield washer fluid to keep it from colding. It is also injected into natural gas pipes to reduce the cold point of water during gas and oil transmission.
Furthermore, methanol is largely utilized as an industrial solvent in the manufacture of inks, resins, adhesives, and colorants. It’s also employed as a solvent in the production of critical medicinal chemicals and products including cholesterol medications, streptomycin, vitamins, and hormones.
Approximately 45 percent of the nation’s methanol is utilized in the generation of electricity. Methanol is a form of automobile fuel that may also be used as marine fuel for ships. Furthermore, it may be combined with gasoline to create an efficient fuel known as methyl tertiary butyl ether, which emits less pollution than ordinary gasoline. Methanol is also used in biodiesel, which is a form of sustainable fuel made from plant or animal fats that may be used instead of or combined with conventional fuel.
Use An API
A software interface will be quite useful if you desire to join the methanol company. An API is a tool that allows you to receive and transfer information in real-time. Developers cannot live without them when designing all kinds of digital content formats like websites and apps. There are several of them accessible, but none of them will provide you with all of the required and up-to-date information on time.
Because it offers an incredible lot of information, Commodities-API is one of the most exceptional APIs in the industry. Because it is a COMEX/NYMEX rates API, you may obtain information from the central exchanges for maize, for example. But also from other significant global markets.
About Commodities-API
Commodities-API is an agriculture rates API. It gathers recent and historical agriculture data. This is the best API for commodities prices. Values for methanol and other items are constantly being updated in the currency of your choosing. You may put it in the language of your choice, such as JSON, PHP, or Python.
Moreover, you can also juxtapose other forms of data to evaluate so that the consumer can select the optimum moment to invest depending on that representation. For example, you can contrast methanol prices with other products such as gas, oil, or what you desire. You will also be given information on current market pricing and futures contracts.