Retrieve Mild Steel Plate China Spot (MSP-CH) prices using this API

Retrieve Mild Steel Plate China Spot (MSP-CH) Prices Using This API

In today's rapidly evolving digital landscape, the demand for real-time data in the metals market has never been greater. The ability to retrieve accurate and timely information about metal prices, such as Mild Steel Plate China Spot (MSP-CH), is crucial for developers, traders, and businesses alike. This is where the Metals-API comes into play, offering a robust solution for accessing comprehensive metal pricing data. This blog post will delve into the capabilities of the Metals-API, focusing on its innovative features, technical specifications, and the transformative potential of real-time metals data.

Understanding the Metals-API

The Metals-API is a powerful tool designed to provide developers with access to real-time and historical metal prices. With a focus on technological advancement and data analytics, this API empowers users to build next-generation applications that can analyze market trends, optimize trading strategies, and enhance decision-making processes. The API supports a wide range of metal symbols, including XAU (Gold), XAG (Silver), XPT (Platinum), and XPD (Palladium), among others. For a complete list of supported symbols, you can refer to the Metals-API Supported Symbols page.

Digital Transformation in Metal Markets

The integration of smart technology into the metals market is revolutionizing how data is accessed and utilized. The Metals-API exemplifies this digital transformation by providing developers with the tools needed to harness real-time data for various applications. By leveraging data analytics and insights, businesses can gain a competitive edge, optimize their operations, and respond swiftly to market fluctuations.

Key Features of the Metals-API

The Metals-API offers a plethora of features that cater to the diverse needs of developers and businesses. Below are some of the key functionalities:

Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to stay informed about the latest market prices.
Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
Bid and Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices, enabling traders to make informed decisions based on current market conditions.
Convert Endpoint: The API includes a currency conversion feature, allowing users to convert any amount from one metal to another or to/from USD. This is particularly useful for businesses operating in multiple currencies.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is ideal for analyzing price trends over specific periods.
Fluctuation Endpoint: Retrieve information about how currencies fluctuate on a day-to-day basis, providing insights into market volatility.
Carat Endpoint: Access information about Gold rates by Carat, which is essential for jewelers and gold traders.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specified date, helping traders identify market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: Get detailed 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 comprehensive view of market trends.
API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
API Response: Exchange rates delivered by the Metals-API are by default relative to USD, and all data is returned in a structured JSON format.
News Endpoint: Retrieve the latest news articles related to various metals, keeping you informed about market developments.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective implementation. Below are examples of API responses for various endpoints:

Latest Rates Endpoint

{
"success": true,
"timestamp": 1770164004,
"base": "USD",
"date": "2026-02-04",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}

This response provides the latest exchange rates for various metals, allowing developers to display real-time pricing information in their applications.

Historical Rates Endpoint

{
"success": true,
"timestamp": 1770077604,
"base": "USD",
"date": "2026-02-03",
"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 a specific date, which is essential for analyzing past market performance.

Time-Series Endpoint

{
"success": true,
"timeseries": true,
"start_date": "2026-01-28",
"end_date": "2026-02-04",
"base": "USD",
"rates": {
"2026-01-28": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-01-30": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-02-04": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

The time-series endpoint allows users to track price changes over a specified period, which is vital for trend analysis and forecasting.

Convert Endpoint

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1770164004,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

This response shows how to convert a specified amount from one metal to another, providing flexibility for users dealing with multiple currencies.

Fluctuation Endpoint

{
"success": true,
"fluctuation": true,
"start_date": "2026-01-28",
"end_date": "2026-02-04",
"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 have changed over a specified period, helping traders understand market volatility.

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

{
"success": true,
"timestamp": 1770164004,
"base": "USD",
"date": "2026-02-04",
"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 is crucial for traders who rely on technical analysis, as it provides key price points for evaluating market performance.

Bid/Ask Endpoint

{
"success": true,
"timestamp": 1770164004,
"base": "USD",
"date": "2026-02-04",
"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 is essential for traders looking to make informed decisions based on current market conditions.

Common Developer Questions

As developers begin to integrate the Metals-API into their applications, they may encounter common questions and challenges. Here are some frequently asked questions:

How do I authenticate with the Metals-API?

Authentication is done using an API key, which must be included in the request URL as a query parameter. This ensures that only authorized users can access the API's features.

What are the rate limits for API requests?

Rate limits depend on your subscription plan. It's essential to monitor your usage to avoid exceeding these limits, which could result in temporary access restrictions.

How can I handle errors in API responses?

The Metals-API provides structured error messages in its responses. Developers should implement error handling to gracefully manage these scenarios and provide users with meaningful feedback.

Performance Optimization and Best Practices

To ensure optimal performance when using the Metals-API, consider the following best practices:

Cache Responses: Implement caching strategies to reduce the number of API calls and improve response times.
Batch Requests: If your application requires multiple data points, consider batching requests to minimize the number of API calls.
Monitor Usage: Regularly review your API usage to identify patterns and optimize your integration accordingly.
Implement Error Handling: Prepare for potential errors by implementing robust error handling and recovery strategies.

Conclusion

The Metals-API is a transformative tool that empowers developers to access real-time and historical metal pricing data, enabling them to build innovative applications that respond to market dynamics. With its extensive features, including the latest rates, historical data, and fluctuation tracking, the API provides a comprehensive solution for anyone involved in the metals market. By leveraging the capabilities of the Metals-API, businesses can enhance their decision-making processes, optimize trading strategies, and stay ahead in a competitive landscape.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation for detailed guidance on implementation and usage. Explore the Metals-API Supported Symbols to understand the range of metals available for tracking. Embrace the future of metal trading with the Metals-API and unlock the potential of real-time data.

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Retrieve Mild Steel Plate China Spot (MSP-CH) prices using this API