Are you looking for an API that updates hourly tin prices? Stay and read this post to find all the information!
Tin is a silver-colored metal with subtle yellow color. Solder consumed well under half of all tin produced in 2018. Tin plating, tin chemicals, brass, and bronze alloys made up the remainder.
Tin readily binds to iron and is used to prevent corrosion in lead, zinc, and steel. The use of tin-plated steel containers for food preservation accounts for a major portion of the market for metallic tin.
This is a very dynamic market and the tin’s prices were going down the last few months. For this reason, if you want to invest in this industry you have to be updated hour by hour of the values to decide the best moment to buy.
An API will be required for this. It’s a type of software that allows two applications on separate computers to communicate with one another. A mobile phone that is connected to the internet sends data to a server. Before being transferred back to your phone, data is collected, evaluated, and the required security steps are implemented. The computer then analyzes and presents the information.
Metals-API is a good choice if you require the most up-to-date prices. It’s the newest API for this purpose, and it supports a variety of metals and currencies. It collects and updates all key data from the world’s leading financial institutions every minute. It provides data on changes in metal prices.
To get started, follow these steps:
- An API key will be provided by www.metals-API.com.
- Lookup a list of tin symbols (TIN) and currency indicators on the internet to get the one you desire.
- Once you’ve added metal and currency to the list of symbols, make the API call.
- As a programming language, you have the option of using JSON or PHP.
It will seem as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "TIN",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Why Metals-API?
By visiting an industry-standard website that has been serving customers and the financial community for years, you can keep track of the most recent precious metals prices. On their extensive website, they offer hourly tin, silver, and other metal price quotes from a variety of sources (including Bloomberg, Reuters, and others), as well as delayed futures and options pricing.
The live price stream is updated in real-time every 2 seconds, ensuring that you have access to the most up-to-date information. This API is customizable, enabling you to access data in whichever method suits you best, making it appropriate for a variety of applications.