Do you need to buy a lot of coal to supply your business or company? Well, in that case, you probably want to keep up to date with prices. We recommend you to use this digital platform, the best commodities prices API.
Coal is a solid, black or dark brown combustible mineral that contains essentially carbon, as well as small amounts of hydrogen and oxygen, nitrogen, sulfur, and other elements. It results from the degradation of the remains of plant organisms over long periods, due to the action of heat, pressure and other natural chemical physical phenomena. It is characterized by being the most important solid fuel in the generation of electrical energy. The quality of coal depends on the content of volatile matter, fixed carbon, inherent moisture and oxygen.
The coals used for electricity generation are very heterogeneous and vary in content, depending on the location of the mine. Coal also contains impurities such as minerals and sulfur. These impurities are a major concern because they contribute to the pollution produced during coal combustion. Of all the fossil fuels used for electricity generation, coal requires the most extensive processing, handling, storage, and loading and unloading facilities. Coal ignition requires the use of crushers, pulverizers, ash handling, dust control and emission control equipment, and soot blowers.
However, coal is a commodity that depends on the current situation in the world. Many countries in the world imposed economic sanctions on Russia for the war against Ukraine. For these reasons, coal from Russia decreased and therefore, as there is less supply, prices rise. While this cannot be avoided, you can use the Commodities-API to keep an eye out for any price fluctuations. We will give you more information about this tool below.
Why Commodities-API?
If you are looking for an API for the prices of commodities such as coal, then you should know that Commodities-API is the right API for you. Why? Commodities-API has solid sources and more than 6 years of experience, which made this platform a symbol of prestige and reliability. To make sure, the information is obtained from CME Group, Euronext, Bombay Stock Exchange, Winnipeg Commodity Exchange, among other sources. In addition, this system works with 170 currencies from around the world, so coal prices will be displayed in the currency of your country (dollars, euros, yen, rupees, etc). If you need, you can also create “charts” to compare the historical prices of this commodity or compare them with other commodities.
If you want to obtain the prices of this commodity, you must register on the web, enter your personal data (and bank details if necessary) and select an available plan (free, basic and professional). When you’re done, you’ll need to choose the “coal” symbol and the official currency of you country. Before using this system, we recommend consulting the documentation on the web. The connection to the Commodities-API API is encrypted using bank-grade 256-bit SSL encryption. Your personal information will be well protected.
Any problem? Don’t worry! Company consultants are online from 10 am to 6 pm ET to assist you. Just send a message or send an email to the following address [email protected]. Urgent requests are usually handled within minutes.