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How to retrieve Ferro Chrome (FE-CR) prices using this API

How to retrieve Ferro Chrome (FE-CR) prices using this API

How to retrieve Ferro Chrome (FE-CR) prices using this API

How to Retrieve Ferro Chrome (FE-CR) Prices Using the Metals-API

In today's rapidly evolving digital landscape, the ability to access real-time data is crucial for businesses and developers alike. This is particularly true in the metals market, where fluctuations in prices can significantly impact trading strategies and investment decisions. One of the most sought-after metals is Ferro Chrome (FE-CR), a vital ingredient in the production of stainless steel. In this blog post, we will explore how to retrieve Ferro Chrome prices using the Metals-API, delve into the markets surrounding this metal, and explain the innovative features of the API that empower developers to create next-generation applications.

Metals-API Information

About Ferro Chrome (FE-CR)

Ferro Chrome is an alloy of chromium and iron, primarily used in the production of stainless steel. As industries worldwide continue to embrace digital transformation, the demand for real-time data in metal markets has surged. The integration of technological innovations and advancements in data analytics has enabled stakeholders to make informed decisions based on accurate market insights. The Metals-API plays a pivotal role in this transformation, providing developers with the tools necessary to access and analyze metal prices, including Ferro Chrome.

With the rise of smart technology integration, the future of metal trading is poised for significant changes. The ability to harness data analytics allows businesses to predict market trends, optimize supply chains, and enhance overall operational efficiency. As we explore the capabilities of the Metals-API, we will uncover how it empowers developers to tap into these possibilities and drive innovation in the metals market.

API Description

The Metals-API is a powerful tool designed to provide real-time and historical data on various metals, including Ferro Chrome. This API is built with a focus on innovation and technological advancement, enabling developers to create applications that can respond to market changes in real-time. By leveraging the capabilities of the Metals-API, developers can build solutions that enhance decision-making processes and improve trading strategies.

One of the key features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on the subscription plan, users can access the latest rates updated every 60 minutes or even every 10 minutes. This ensures that developers have access to the most current information, allowing for timely decisions in a fast-paced market.

Additionally, the API offers a range of endpoints that cater to various needs, from retrieving historical rates dating back to 2019 to converting amounts between different metals and currencies. This versatility makes the Metals-API an invaluable resource for developers looking to create comprehensive metal trading applications.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints, each designed to provide specific functionalities that cater to the needs of developers. Here are some of the most notable features:

  • Latest Rates Endpoint: This endpoint allows users to retrieve real-time exchange rates for all available metals, including Ferro Chrome. The response includes the base currency, date, and rates for various metals, enabling developers to access the latest market information.
  • Historical Rates Endpoint: Users can access historical exchange rates for any date since 1999. This feature is particularly useful for analyzing market trends and making informed decisions based on past performance.
  • Bid and Ask Endpoint: This powerful feature enables developers to retrieve real-time bid and ask prices for metals. Understanding these prices is crucial for traders looking to optimize their buying and selling strategies.
  • Convert Endpoint: The Metals-API includes a dedicated endpoint for currency conversion, allowing users to convert any amount from one metal to another or to/from USD. This feature simplifies transactions and enhances user experience.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice. It is particularly useful for analyzing trends over specific periods.
  • Fluctuation Endpoint: Users can track rate fluctuations between two dates, providing insights into how prices change over time. This information is essential for traders looking to capitalize on market movements.
  • Carat Endpoint: This endpoint provides information about gold rates by carat, allowing users to retrieve specific data based on their needs.
  • Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date, helping traders identify market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides comprehensive data on the open, high, low, and close prices for a specific time period, enabling detailed market analysis.
  • Historical LME Endpoint: This feature allows users to access historical rates for LME symbols dating back to 2008, providing a wealth of data for analysis.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate and authorize access to the API.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Available Endpoints: The Metals-API provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
  • Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold prices in India, catering to a specific market segment.
  • News Endpoint: Users can access the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, let's explore some example responses for key endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1748746817,
    "base": "USD",
    "date": "2025-06-01",
    "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"
}

The response above indicates a successful request, providing the latest rates for various metals, including their values relative to USD.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1748660417,
    "base": "USD",
    "date": "2025-05-31",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example illustrates how to access historical rates for specific dates, allowing developers to analyze past performance and trends.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-25",
    "end_date": "2025-06-01",
    "base": "USD",
    "rates": {
        "2025-05-25": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-27": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-06-01": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint allows users to retrieve exchange rates for a specific time period, providing valuable insights into market trends.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748746817,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This example demonstrates the conversion of an amount from USD to gold (XAU), showcasing the API's ability to facilitate transactions across different metals.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-25",
    "end_date": "2025-06-01",
    "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"
}

The fluctuation endpoint provides insights into how prices change over time, which is crucial for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1748746817,
    "base": "USD",
    "date": "2025-06-01",
    "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"
}

This endpoint provides comprehensive data on the open, high, low, and close prices for a specific time period, enabling detailed market analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1748746817,
    "base": "USD",
    "date": "2025-06-01",
    "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"
}

The bid/ask endpoint provides current bid and ask prices for metals, which is essential for traders looking to optimize their buying and selling strategies.

Conclusion

In conclusion, the Metals-API offers a comprehensive suite of features that empower developers to access real-time and historical data for Ferro Chrome and other metals. By leveraging the capabilities of this API, developers can create innovative applications that enhance decision-making processes and optimize trading strategies. The ability to retrieve the latest rates, historical data, and fluctuations in prices provides invaluable insights into the metals market.

As industries continue to embrace digital transformation, the importance of real-time data in metal markets cannot be overstated. The Metals-API stands at the forefront of this transformation, enabling developers to harness the power of data analytics and smart technology integration. For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals.

By understanding the features and capabilities of the Metals-API, developers can unlock new possibilities in the metals market and drive innovation in their applications. The future of metal trading is bright, and with the right tools at their disposal, developers can navigate this dynamic landscape with confidence.

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