Properties and Applications of Inconel 718 Alloy
Since 2022, Russia-Ukraine geopolitical conflicts have intensified, and global energy prices have risen sharply, with international natural gas prices hitting historic highs. As the most important transitional energy source in the transition from fossil energy to non-fossil energy, the share of natural gas in primary energy has increased from 14.6% in 1965 to 24.7% in 2020. The global gas price indices showed a unilateral downward trend from 2018, bottomed out in 2020, and remained low for a long time. However, since July 2020, the global gas prices have gradually fluctuated upward, and the impact of geopolitical events made the Dutch TTF gas price even hit record highs repeatedly.
An analyst of a securities company believes that the core catalyst of this round of global gas market lies in the lack of investment in upstream oil and gas resources caused by long-term low prices. Since 2020, although the epidemic has led to a decline in demand, the decline in supply has been faster, resulting in a large inventory consumption. In 2021, demand will recover faster than supply (the supply-side is less sensitive to prices, which will be reflected in investment).
As the world's two largest gas Inconel 718 Alloy are also expected to change significantly.
What is Inconel 718 materials?
Inconel 718 alloys is a precipitation-hardening nickel-iron-based superalloy
containing niobium and molybdenum. Its microstructure is austenite and has
excellent comprehensive properties. It is one of the most widely used
superalloys. The alloy has good comprehensive properties in the temperature
range of -253 to 700 °C, the yield strength below 650 °C ranks first in the
deformed superalloy, and has good fatigue resistance, radiation resistance,
oxidation resistance, corrosion resistance, and good performance. Good
processing performance and welding performance. It can manufacture various parts
with complex shapes, and has been widely used in the above temperature range in
aerospace, nuclear energy, petroleum industry and extrusion dies.
Why is Inconel 718 not easy to machine?
The reason behind this is that Inconel 718 has lower thermal conductivity and
higher tensile strength among all three materials. No heat dissipation occurs in
the shear zone, which reduces tool wear compared to the other two materials.
Fields of application for Inconel 718
Inconel718 nickel-based superalloy material has been used to make aero-engine
turbine disks, rings, elastic elements, sealing elements and welded structural
parts; make liquid hydrogen, liquid oxygen rocket engines in turbine rotors and
other components; make nuclear energy industrial applications. Various elastic
elements and lattices; manufactures a wide range of parts for applications in
the petroleum and chemical industries.
Aerospace engineering, rocket engines, thrust reversers, ships, chemical
processing units, pressure vessels, pollution control systems and nuclear power
production reactions, cryogenic storage vessels, high-strength bolts and hot
extrusion tools, turbine engines, fasteners, fuel and exhaust system.
Inconel grades are suitable for use in the production of parts used in harsh
environments, such as turbocharger rotors and seals, motor shafts for
submersible electric pumps, steam generators, heat exchanger tubes, firearm
silencer blast plates and machine guns, on aircraft Black box recorders,
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Gas supplies have been in short supply because of the conflict between Russia and Ukraine. Combined with the situation that other renewable sources cannot produce enough electricity, electricity prices have soared in many parts all over the world. For this reason, I assume the supply and prices of the Inconel 718 Alloy would keep being influenced by the high energy prices.