Does your company need to buy lumber? Well, for that, you must first know their prices. We recommend using this tool that we will explain in the following article.
Wood is one of the raw materials of plant origin most exploited by man. It is found in trees with a woody stem (which have a trunk), finding its most solid part under the bark of the tree. It is a renewable, abundant, organic, economical resource and with which it is very easy to work. Currently, there are around 25,000 types of wood in the world, of which between 600 and 800 are regularly traded around the world.
The main applications of the lumber are the following: For the manufacture of furniture: Tables, chairs, furniture. For housing construction: Beams, doors, windows, floors. As fuel: burn wood for heating in winter. To obtain derived products: Paper, cardboard. For various other uses: Toys, works of art, sleds, statues, arrows, tool handles, etc.
The wood industry is the sector of industrial activity that deals with the processing of wood, from its plantation to its transformation into objects of practical use. This is a very important service for the whole world, but especially for Chile, Spain, India, Brazil, the United States, Malaysia, Indonesia and Eastern Europe. For those people, who want to find out lumber spot prices, we recommend using Commodities-API.
Why Commodities-API?
Commodities-API is a website designed to keep you up to date on the price of a variety of commodities, including rubber, rice, coffee, corn, sugar, wheat, crude oil, and of course the stuff that brought us here, lumber. On the other hand, thanks to its amazing convertibility system, you can check the prices in the currency with which you feel most comfortable. All of this, with a precision of two decimal places and updates every 60 seconds.
This service is used daily by many developers, SMEs and large organizations. In fact, companies like Barrick Gold, Metex, Jewelers Mutual use this service. If you are wondering where it gets the lumber information from, it is provided by more than 15 companies, such as financial data providers and banks.
The cost of Commodities-API depends on your needs. If you need to have lumber prices every hour, you will most likely have to purchase the basic or professional plan. On the contrary, if your needs are few, surely the free plan is the best option for you!
Also published on Medium.