Do you live in Europe? Are you worried about the price of commodities? Unfortunately, the war between Russia and Ukraine created many problems in the world economy. For this reason, we recommend using this API to obtain Euronext rates. It’s the best Euronext rates API.
Commodities are raw materials, that is, tangible materials with which they can be traded and whose main potential is their transformation into other goods of greater elaboration and value in the market. An example of a commodity is oil, a basic input that is used to produce plastic products, fuel, and asphalt, among other things. Another example is natural gas, a commodity that became scarce when economic sanctions were imposed on Russia for the war against Ukraine.
Commodities are divided into four categories. Minerals such as copper, bronze, and iron, among others. Energy such as crude oil, heating oil, natural gas, and ethanol. Livestock such as live cattle, lean pig and pork belly. Agriculture such as corn, rice, wheat, cocoa, and coffee. To invest in these products, you can buy directly in the spot or futures markets, or you can also buy shares of the companies that are dedicated to these products. One of these options is Euronext.
Euronext is the leading pan-European market infrastructure connecting European economies with global capital markets to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal. In addition, this company has a total capitalization of around 6.6 billion euros. For many Europeans, this source is the main source of all when it comes to checking commodity prices. For this reason, we recommend using the Commodities-API service so that you can obtain these prices more easily.
Why Commodities-API?
One of the newest digital tools on the international commodity market is commodities-API. The rates of various commodities, including corn, wheat, aluminum, ethanol, natural gas or live cattle, are obtained using it by thousands of developers, SMEs, and huge organizations. There are several well-known companies among these huge corporations, like Barrick, Metex, Mansour, and Injective Protocol, among others. Additionally, these rates can be updated every 60 seconds and are given with a precision of two decimal places.
The purpose of Commodities-API, an API (Application Programming Interface), is to enable communication between programs. The many programs’ interactions can be maintained thanks to these guidelines. In this situation, the API functions as a bridge to link you to the major commodity markets. And yes, the answer to your question is yes. Euronext is one of the sources of information for this API.
The best part is that this service is free! So long as the restrictions are not an issue for you, you will be able to view Euronext Rates without having to pay anything. Otherwise, you can spend between 15 and 50 dollars each month for a better plan.
We advise you to visit the website and read the instructions for using this service. Please feel free to get in touch with Commodities-API customer support by phone or email at [email protected] if you have any inquiries.