The energy industry is changing. Coal prices are falling, and coal companies are struggling to stay afloat. But an API could be the game-changer the industry has been waiting for.
Coal is still utilized extensively around the world despite all of these drawbacks, and its price is continuously fluctuating. In this regard, there are numerous businesses committed to offering this information on a regular basis, enabling users to base their choices on the data they offer. But, by automating some of the operations that are now completed manually by humans, you can enhance and make this process more efficient by employing API technology. With the aid of APIs, you may easily connect several systems and access their data.
By using APIs in this way, you can add new functionality or enhance current ones. For instance, if you work for a coal-using energy company, you can use an API to acquire the most recent data on coal prices and create your own system to monitor changes in real time. You can be more effective and produce better results as a result of this. We advise using a Coal Prices API if you wish to transform your energy business. This tool will allow you to receive real-time updates on coal pricing information.
Using and integrating it into your system is quite simple. Simply sign up for one of their plans and create an account. Then, in a quick and easy manner, you will be able to get all the information you require. The best choice if you’re looking for precise coal pricing information is without a doubt the Commodities API.
Commodities API
Via the Commodities API, which is made available by more than ten distinct exchange rate data providers for commodities pricing, developers can obtain real-time information on the value of commodities. The API offers a large number of endpoints, each of which has a specific function. Data on one or more currencies, information about daily changes, value conversion, and time series data for one or more currencies are all available through the endpoint. For the most recent commodity rate information for all or a particular group of currencies, it can also submit API calls.
The responses you receive from this API will vary depending on the commodity you’re looking for. In this case, we’re curious to learn more about coal. You may look up information on coal by using the coal symbol provided by the API (COAL):
{"data":{"success":true,"timestamp":1681744080,"date":"2023-04-17","base":"USD","rates":{"COAL":0.0073126142595978},"unit":"per tonne"}}
You can see in the answer that one dollar is equivalent to 0.0073126142595978 tonnes of coal.
All You Have To Do To Utilize It Is:
- Go to Commodities API and simply sign up, when you are done you’ll be ready to start using the API!
- Employ the different API endpoints using the symbols given by the API depending on what you are looking for.
- Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.
This Commodities API provides data in more than 170 different currencies with a precision of two decimal places. Depending on the subscription you select, you can make up to 100.000 API requests per month and get data updates every 60 seconds. There is a seven-day trial period available for this API.