Get Bitumen (BITUMEN) prices using this API to enhance your commodity trading tools.

Get Bitumen (BITUMEN) Prices Using This API to Enhance Your Commodity Trading Tools

In the rapidly evolving world of commodity trading, having access to real-time data is crucial for making informed decisions. One such commodity that has gained attention is Bitumen (BITUMEN). Utilizing the Metals-API can significantly enhance your trading tools by providing up-to-date pricing and market insights. In this blog post, we will explore the Bitumen market, the transformative potential of the Metals-API, and how developers can leverage its capabilities to build next-generation applications.

About Bitumen (BITUMEN)

Bitumen, a byproduct of crude oil distillation, is primarily used in road construction and roofing. Its market dynamics are influenced by various factors, including crude oil prices, demand for infrastructure, and technological advancements in extraction and processing. As digital transformation sweeps through the metal markets, the integration of smart technologies and data analytics is becoming increasingly important. This shift allows traders to gain insights into market trends, optimize their trading strategies, and make data-driven decisions.

Technological innovation in the Bitumen market is paving the way for enhanced efficiency and sustainability. For instance, advancements in data analytics enable traders to analyze historical pricing trends and forecast future movements. By utilizing the Metals-API, developers can access real-time data and historical rates, empowering them to create applications that provide actionable insights into the Bitumen market.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time metals data, including Bitumen prices. This API is designed to facilitate the integration of metals pricing into various applications, enabling users to make informed trading decisions. With its innovative features, the Metals-API transforms how developers can access and utilize metals data.

One of the key capabilities of the Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, the API can return the latest rates updated every 60 minutes, every 10 minutes, or even more frequently. This ensures that traders have the most current information at their fingertips, allowing them to react swiftly to market changes.

Moreover, the API offers historical rates dating back to 2019, enabling users to analyze past performance and identify trends. By appending a specific date to the API request, developers can retrieve historical data that can be crucial for back-testing trading strategies.

Another significant feature is the Bid and Ask endpoint, which provides real-time bid and ask prices for various metals, including Bitumen. This functionality is essential for traders looking to execute orders at the best possible prices. Additionally, the Convert endpoint allows users to convert amounts between different currencies, making it easier to manage transactions across various markets.

Key Features and Endpoints

The Metals-API offers a range of endpoints that cater to different trading needs. Here are some of the most notable features:

Latest Rates Endpoint: This endpoint provides real-time exchange rates for all available metals, including Bitumen. The response includes the base currency, date, and rates for various metals.
Historical Rates Endpoint: Access historical exchange rates for any date since 2019. This is particularly useful for analyzing market trends and making informed predictions.
Bid and Ask Endpoint: Retrieve current bid and ask prices for metals, allowing traders to make quick decisions based on market conditions.
Convert Endpoint: Convert any amount from one metal to another or to/from USD, simplifying transactions across different currencies.
Time-Series Endpoint: Get exchange rates for a specific time period, which is beneficial for analyzing trends over time.
Fluctuation Endpoint: Track rate fluctuations between two dates, providing insights into market volatility.
Carat Endpoint: Retrieve information about Gold rates by Carat, which is useful for jewelers and traders in the gold market.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specified date, helping traders understand market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Get OHLC data for a specific time period, which is crucial for technical analysis.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term view of market performance.
API Key: Your unique API key is essential for accessing the API and must be included in your requests.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
Available Endpoints: The Metals-API comes with multiple endpoints, each providing different functionalities to cater to various trading needs.
Supported Symbols Endpoint: Access a constantly updated list of all available currencies and metals supported by the API.
Gold Price India Endpoint: Retrieve the latest gold price in India, which can be beneficial for traders in the region.
News Endpoint: Get the latest news articles related to various metals, keeping traders informed about market developments.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective integration. Below are examples of various API endpoints and their responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1751536948,
    "base": "USD",
    "date": "2025-07-03",
    "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 above response indicates a successful request, providing the latest rates for various metals, including their values relative to USD.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1751450548,
    "base": "USD",
    "date": "2025-07-02",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows historical rates for a specific date, allowing traders to analyze past performance.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-26",
    "end_date": "2025-07-03",
    "base": "USD",
    "rates": {
        "2025-06-26": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-06-28": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-07-03": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides rates for specific dates, which is useful for identifying trends over time.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1751536948,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows the conversion of 1000 USD to Gold (XAU), providing the equivalent amount in troy ounces.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-26",
    "end_date": "2025-07-03",
    "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"
}

This endpoint tracks fluctuations in rates between two dates, providing insights into market volatility.

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

{
    "success": true,
    "timestamp": 1751536948,
    "base": "USD",
    "date": "2025-07-03",
    "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"
}

The OHLC response provides essential data for technical analysis, showing the opening, high, low, and closing prices for a specific date.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1751536948,
    "base": "USD",
    "date": "2025-07-03",
    "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"
}

This response provides the current bid and ask prices for metals, allowing traders to make informed decisions based on market conditions.

Conclusion

In conclusion, the Bitumen market presents numerous opportunities for traders, and leveraging the Metals-API can significantly enhance trading strategies. By providing real-time data, historical insights, and various endpoints for analysis, the Metals-API empowers developers to create innovative applications that can adapt to the dynamic nature of commodity trading.

As the market continues to evolve, staying ahead of trends and utilizing advanced technologies will be key to success. The integration of smart technology and data analytics into trading tools will not only improve decision-making but also drive efficiency and profitability in the Bitumen market. For more information on how to get started with the Metals-API, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals.

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Get Bitumen (BITUMEN) prices using this API to enhance your commodity trading tools.