Would you like to design different types of charts to analyze ethanol rates? If your answer is affirmative, we recommend you read this post!
Ethanol is a fuel that offers advantages by virtue of its physical and chemical characteristics, which can be summarized as a low-density, high-fluidity liquid with high combustion heat, but above all considering the raw materials of origin and its sustainability, the production and transportation costs and low negative effects on the environment.
The main source for obtaining ethanol is biomass, which refers to organic matter originating from a biological process, spontaneous or provoked. And thanks to this, the quantities of fossil fuels used are reduced, the use and import of hydrocarbons is reduced (favoring the use of renewable natural resources) and the impact of recurring problems of hydrocarbon prices and reserves in periods of energy crisis.
As it is a fuel with a promising future, it is very important to be up to date with its prices, its difference with previous years and compare it with other commodities such as crude oil. For this, it is best to use charts, which manage to present the information to the user in a clear and precise way, facilitating the comparison and understanding of the evolution of different variables.
If you are wondering if there is any website designed to create ethanol charts, the answer is yes and its name is Commodities-API.
What is Commodities-API?
First of all, it is worth noting that this API is capable of delivering real-time commodity data through APIs with a precision of 2 decimal points and a frequency of up to every 60 seconds. That is, every 1 minute you can update the prices. These capabilities include delivery of exchange rates for almost any commodity (such as corn, wheat, soybeans, rice, and of course ethane), precious metals, individual currency conversion, time series data return, and fluctuation data.
Where does Commodities-API get the information from? Is it reliable?
Currently, this service works with a total of 15 reliable data sources, which ensure 100% accuracy of the information provided. Some of its regular clients are companies with international prestige such as Metex, Mansour, Injective Protocol, among others.
How do I create the charts?
Enter its website and click on the top left, on the “charts” button. Then Select Commodity or Currency as base, as target and the time you want (today, this week, this month or this year). That’s all!
Also published on Medium.