Are you looking for an application or platform that allows you to create charts to observe rubber? If that is your case, we recommend you read this post.
Rubber is a polymer with elastic properties, that is, it can deform considerably and return to its initial shape when the load to which it is subjected ceases. It can be produced synthetically or with latex obtained from various tropical plants. After coagulating, it forms an impermeable and very elastic mass with many industrial applications. In addition, it is considered that it has properties to be an insulator of temperature and electricity; and with ample capacity to repel water.
Natural rubber itself has few applications. It is used to make adhesive tapes, insulating tapes, some contact cements and as an insulating material for shoes. In order to enhance its properties, the rubber has to be subjected to the vulcanization process, in order to be used, for example, to manufacture conveyor belts, tires and industrial material. In addition, it is used for the manufacture of chemical and medical tubes, waterproof clothing, hoses, safety gloves, housings for household appliances and telephones.
As we previously mentioned, rubber (especially its synthetic version) has many important uses, key to everyday use. In fact, it is considered such an important commodity that it is included in the European Union’s list of “crucial raw materials”. However, disease, climate change and falling global prices have put natural rubber reserves at risk. For this reason, today more than ever it is important to be updated with its price and its difference with respect to other years.
For this we will use the Commodities-API service, which will offer us the possibility of creating charts for a better analysis of this raw material.
Why Commodities-API?
First of all, Commodities-API is a website that allows you to track the price of a variety of commodities, including rubber, rice, coffee, corn, sugar, wheat, crude oil, among others. In addition, thanks to its convertibility system, you will be able to see the rates in the currency with which you feel most comfortable. All this, with a precision of two decimal points and updates every 60 seconds.
How should you do to see the prices and create charts?
To know how to do this, follow these instructions:
1- Get your API key. For this you must register at www.commodities-API.com.
2- Next, look for the symbols of the rubber and the currency with which you will work.
3- Make the API call once you have decided them.
4- The website will offer an API in a variety of programming languages that you can customize, use and adapt as needed.
5- To create the charts, the system is not very different. Just go to the “charts” section and there, you have to select Commodity or Currency as base, as target and the time. That’s all the process.
For any issues, please contact Commodities-API customer service.
Also published on Medium.