Do you like Trading Economics, but you want to know more options? In this post, we explore the best alternative to this page for methanol prices.
Methanol is a type of non-drinkable alcohol that is also known as wood alcohol and methyl alcohol. It is a colorless, unstable, flammable liquid that is harmful to humans, similar to ethanol. It is also used to make a variety of other chemicals, notably acetic acid.
Many living entities produce methanol spontaneously and in trace amounts as part of their metabolic activities. Methanol, for example, occurs naturally in a variety of fruits and vegetables.
Methanol is primarily used in the production of inks, resins, adhesives, and colorants as an industrial solvent. It is also used as a solvent in the manufacture of important pharmaceutical compounds and products such as cholesterol medicines, streptomycin, vitamins, and hormones.
Approximately 45 percent of the country’s methanol is used to generate energy. Methanol is a type of car fuel that may also be used as ship fuel. Furthermore, it may be mixed with the gasoline to produce methyl tertiary butyl ether, an efficient fuel that produces less pollution than regular gasoline. Methanol is also used in biodiesel, a type of sustainable fuel generated from plant or animal fats that may be used instead of or in conjunction with conventional fuel.
Use A Commodity Data API
An API is a set of protocols and definitions used in programming to create and integrate application software. In this case, when a remote request with a certain structure is sent by one side, this layout will determine the responses of the other side’s software. What does this have to do with methanol?
This is very important since many people are looking at the market for this product and thinking about how to invest in it. An API allows updated information on this item to be viewed and incorporated into websites.
For this reason, although Trading Economics transmits accurate and up-to-date information about this product, it is often not very complete, so the public looks for alternative options. For these reasons, you can try Commodities-API.
About Commodities-API
Commodities API is very complete since it incorporates information from more than 180 basic products. There you can find information on the most important central commodity markets in the world, where prices are estimated every day. This way you can count on legitimate and up-to-date information on each raw material.
In addition, you will be able to see it in the currency of your convenience or even compare the prices in different countries to see in which currency it is convenient for you to invest. Programmers love it for its wealth of documentation to include in digital content designs and the variety of languages it uses.
If you want to develop an application or website with comodity data, this API is the best solution for your needs due to the fact that it is available in different programming languages such as JSON, PHP and Python, the most recognized in the IT industry.