Need to quickly get future coal prices? Worry no more, we have a way for you to find them easily and quickly. If you want to know more information, in this post, we will tell you about this commodities prices API.
Coal is a sedimentary rock used as a fossil fuel, black in color and very rich in carbon. It is usually located under a layer of slate and over another of sand and clay. It began to form millions of years ago, from the existing vegetation. Large deposits of coal began to be generated in the Carboniferous period (approximately 350-280 million years ago). The ferns and gigantic trees existing in those times, as they died, were deposited in layers and were transformed by the action of fungi and bacteria into carbon. Through an anaerobic process (poor oxygen) at moderate temperature (250 ºC) and high pressures, the organic matter was formed into carbon, a process known as carbonification.
Depending on its age, the conditions of formation and its content of carbon and volatile matter, there are different types of coal, with different textures and calorific values. For its sale, the quality of the coal is usually measured by the percentage of fixed carbon, volatile matter, humidity, sulfur, and hydrogen, and by the calorific value (which is conditioned by the previous parameters). It is said that the higher the carbon content, and the older the coal, the higher the rank and, generally, the more capacity to provide heat in combustion.
Due to the current unstable times, many entrepreneurs decide to bet on the futures market, in an attempt to beat this volatility. If you want to find these types of prices but with coal, the best thing you can do is use the Commodities-API service.
What is Commodities-API?
We must first define Commodities-API. It is an API made to swiftly, precisely, and effectively offer commodity prices. This service is an API, as its conclusion suggests. Application Programming Interfaces, or APIs, are built on a set of definitions and protocols that are meant to integrate systems and make it easier for software programs to communicate with one another. With the help of this platform, you will be able to keep track of the futures prices of a wide range of raw commodities, including coal, WTI, and Brent Crude Oil, with updates every 60 seconds and precision of two decimal places.
However, having current futures prices is pointless if they are unreliable. You shouldn’t be concerned in this regard, either, as Commodities-API gets its information from reliable, internationally renowned sources. Many developers, SMEs, and major businesses utilize it because of how reliable it is. firms like Barrick, Metex, Chainlink, and Glencore, to name a few.
The cost, which for some is the most crucial factor, comes last. You undoubtedly believe that this method is pricey, but it is not. Commodities-API offers paid plans with outstanding benefits for a price ranging from $15 to $50 per month. We advise you to visit its website, where you may find the key distinctions between each plan in the “pricing” section. Do not forget that the prices are in dollars and that this system accepts almost all means of payment.