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Track Ferro Chrome (FE-CR) price fluctuations using this API

Track Ferro Chrome (FE-CR) price fluctuations using this API

Track Ferro Chrome (FE-CR) price fluctuations using this API

Introduction

In the ever-evolving landscape of metal markets, tracking price fluctuations for Ferro Chrome (FE-CR) has become increasingly vital for investors, traders, and developers alike. With the advent of advanced technologies and data analytics, the ability to monitor real-time price changes has transformed how stakeholders engage with the market. This blog post delves into the capabilities of the Metals-API, a powerful tool designed to provide comprehensive data on Ferro Chrome and other metals, enabling users to make informed decisions based on accurate and timely information.

About Ferro Chrome (FE-CR)

Ferro Chrome is an essential alloy in the production of stainless steel, accounting for a significant portion of the global steel market. As industries continue to embrace digital transformation, the demand for Ferro Chrome is expected to rise, driven by technological innovations and advancements in manufacturing processes. The integration of smart technologies, such as IoT and AI, into metal markets is reshaping how data is collected, analyzed, and utilized.

Data analytics plays a crucial role in understanding market trends and price fluctuations. By leveraging real-time data, stakeholders can gain insights into market dynamics, enabling them to anticipate changes and make strategic decisions. The future of Ferro Chrome pricing will likely be influenced by factors such as supply chain disruptions, geopolitical events, and advancements in recycling technologies.

Understanding the Metals-API

The Metals-API is a robust platform that provides real-time and historical data for various metals, including Ferro Chrome. This API empowers developers to build next-generation applications that can track price fluctuations, analyze trends, and convert currencies seamlessly. By utilizing the Metals-API, users can access a wealth of information that can enhance their trading strategies and investment decisions.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, the API can provide updates every 60 minutes or even every 10 minutes, ensuring that users have access to the most current information available. This capability is crucial for traders who need to react swiftly to market changes.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs within the metal trading community. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for all available metals. This endpoint is essential for users who require up-to-the-minute pricing information. The response includes the base currency, date, and rates for various metals, allowing users to quickly assess the current market situation.

{
    "success": true,
    "timestamp": 1746406868,
    "base": "USD",
    "date": "2025-05-05",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744,
        "XCU": 0.294118,
        "XAL": 0.434783,
        "XNI": 0.142857,
        "XZN": 0.344828
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

This endpoint allows users to access historical exchange rates for any date since 1999. By appending a specific date to the API request, users can retrieve valuable historical data that can aid in trend analysis and forecasting.

{
    "success": true,
    "timestamp": 1746320468,
    "base": "USD",
    "date": "2025-05-04",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Bid and Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that enables users to retrieve real-time bid and ask prices for various metals. This information is crucial for traders who need to understand market liquidity and pricing dynamics.

{
    "success": true,
    "timestamp": 1746406868,
    "base": "USD",
    "date": "2025-05-05",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for traders who need to quickly assess the value of their holdings in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746406868,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is invaluable for conducting in-depth analyses of price movements over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-28",
    "end_date": "2025-05-05",
    "base": "USD",
    "rates": {
        "2025-04-28": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-30": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-05": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how prices fluctuate on a day-to-day basis. This feature is essential for traders looking to understand volatility and make informed trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-28",
    "end_date": "2025-05-05",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        },
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        },
        "XPT": {
            "start_rate": 0.000915,
            "end_rate": 0.000912,
            "change": -3.0e-6,
            "change_pct": -0.33
        }
    },
    "unit": "per troy ounce"
}

Open/High/Low/Close (OHLC) Price Endpoint

The OHLC Price Endpoint allows users to retrieve open, high, low, and close prices for a specific time period. This data is critical for technical analysis and helps traders identify potential entry and exit points.

{
    "success": true,
    "timestamp": 1746406868,
    "base": "USD",
    "date": "2025-05-05",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        },
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        },
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.00091,
            "close": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for users interested in long-term trends and price movements.

Comprehensive API Documentation

For developers looking to integrate the Metals-API into their applications, comprehensive documentation is available at the Metals-API Documentation. This resource provides detailed information on authentication, endpoint usage, and response structures, ensuring that developers can effectively utilize the API's capabilities.

Common Use Cases

The Metals-API can be employed in various scenarios, including:

  • Trading Platforms: Integrate real-time pricing data into trading applications to enhance user experience and decision-making.
  • Market Analysis Tools: Build analytical tools that leverage historical data to forecast future price movements.
  • Financial Reporting: Generate reports that include up-to-date pricing information for financial analysis and investment strategies.

Conclusion

In conclusion, the Metals-API is a transformative tool for anyone involved in the Ferro Chrome market. By providing real-time and historical data, it empowers developers to create innovative applications that can track price fluctuations and analyze market trends effectively. As the metal markets continue to evolve, leveraging such technology will be crucial for staying ahead of the competition. For more information on supported symbols, visit the Metals-API Supported Symbols page. Embrace the future of metal trading with the Metals-API and unlock the potential of real-time data.

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