The market maintained wait-and-see international oil prices on October 17 fell slightly
Due to the overall market maintaining a wait-and-see stance, international crude oil futures prices rose in the overnight market, October 17 morning strong shock, the end of the day from the rise to decline, the end of the international oil price fell slightly.
Light crude for November delivery fell 0.15 cents, or 0.18%, to settle at $85.46 a barrel on the New York Mercantile Exchange by the end of the day. London Brent crude futures for December delivery fell 1 cent, or 0.01 percent, to settle at $91.62 a barrel.
International finance chief market analyst at brokerage firm XTB Walid Koudmani said that overall economic uncertainty and investor sentiment continues to play a key role in price movements, but investors are waiting for macro data and central bank officials this week, and main performance of listed companies, Wall Street's recent asset prices will continue to be full of fluctuations.
Gita Gopinath, first deputy managing director of the International Monetary Fund, said yesterday that US inflation remained stubbornly high, while growth in the European Union was expected to fall to 0.5 percent this year.
James Bullard, president of the Federal Reserve Bank of St. Louis, said yesterday that inflation had become "vicious and out of control," which would require a further 75 basis point increase in interest rates.
Vandana Hari, an analyst at oil analysts Vanda Insights in Singapore, said the 3 percent to 4 percent drop in oil prices in the previous session had spurred some bottom-hunters into the market on the 17th, but momentum was muted by poor trading volume.
'New York oil is in the technically interesting territory as it tests short-term support at $84.5 a barrel, which has held up most of the recent decline,' Mr. Koudmani said. If oil prices fall below $84.5 a barrel in New York, it could lead to even steeper declines and speculation of further cuts in Opec + production targets down the road.
Oil prices will remain volatile in the near term as the market tries to balance supply shortages with a potential economic slowdown, Phil Flynn, senior market analyst at Price Futures Group, said Tuesday. Although recession fears prevail, the ultimate risk is that oil prices will rise.
Ubs said yesterday that it had changed its overall commodities stance from "most preferred" to "neutral," meaning that investors should maintain existing positions rather than add new ones. In the meantime, maintain the oil bias, including a positive stance on commodities and energy stocks. Believing that supply-side challenges are likely to be more severe than a slowdown in demand in the coming months, continue to expect oil prices to move higher in the coming months.
Market trend of ceramic sand steel precision casting
The main steel precision casting global foundry ceramic sand manufacturers are CARBO Ceramics, Itochu Ceratech, Luoyang Kailin casting materials, King Kong New Materials, Sanmenxia strong Core Foundry Materials Co., Ltd., the top five global foundry ceramic sand manufacturers occupy more than 74% market share.
At present, Asia-Pacific is the world's largest market for foundry ceramic sand, accounting for about 53% of the market share, followed by Europe and North America, with a combined share of nearly 40%.
This report studies the production steel precision casting capacity, output, sales volume, sales volume, price and future trend of foundry ceramic sand in the global and Chinese markets.
This paper focuses on the product characteristics, product specifications, price, sales volume, sales revenue and market share of the major manufacturers in the global and Chinese markets.
The historical data are from 2017 to 2021 and the forecast data steel precision casting are from 2022 to 2028.
What is ceramic sand? The steel precision casting introduction
Ceramic sand is mainly processed by zirconia and is widely used in the "polishing strengthening" of aviation, ship, automobile, machinery and other metal parts; the "sandblasting finishing" of metal, plastic and other workpieces; the "cleaning and polishing" of the inner and outer walls of steel pipes and copper pipes; the "vibration polishing" of precious metal jewelry and small metal parts; and the "grinding and dispersion" of liquid and solid materials in chemical, pharmaceutical, food and other industries.
The unique steel precision casting physical and chemical properties of ceramic sand make it play an important role in aviation, aerospace, electronics, machinery and the rapidly developing IT industry, especially its internal molecular chain structure, crystal form and lattice change law, so that it has high temperature resistance, low coefficient of thermal expansion, high insulation, corrosion resistance, piezoelectric effect, resonance effect and unique optical properties.
Application Field of Ceramic Sand
The unique physical and chemical properties of steel precision casting ceramic sand make it play an important role in aviation, aerospace, electronics, machinery and the rapidly developing IT industry, especially its internal molecular chain structure, crystal form and lattice change law, so that it has high temperature resistance, low coefficient of thermal expansion, high insulation, corrosion resistance, piezoelectric effect, resonance effect and unique optical properties.
Playing a more and more important role in many high-tech products.
When blasting ceramic sand to remove rust metal, it should be treated by cooling device and oil-water separator to better ensure that it is dry and oil-free; the oil-water separator needs to be cleaned regularly.
The distance between the sprinkler and the surface of base steel should be 100-300mm, and the non-sandblasting parts should be shielded before sandblasting.
The angle between the spraying direction and the surface normal of the base metal is 15 °~ 30 °.
After the ceramic sand blasting process, if Rain Water or other conditions leading to the wet surface of the base steel are encountered before the next step, wipe the surface moisture with a desiccant after the environment reaches the construction conditions.
For construction, if sandblasting is needed, the abrasive requirement should not be reduced so as not to reduce the roughness.
When sandblasting, the nozzle should not stay in one place for a long time.
In sandblasting operation, sporadic operations should be avoided, but the spraying area should not be too large.
The time interval between the coating or thermal spraying process and the surface pretreatment process should be considered.
Use manual or power tools to remove rust on parts that are difficult to sandblast with sandblasting machines.
After the completion of the ceramic sand technology of the sandblasting material, the sandblasting site should be checked first, and then the cleanliness and roughness of the base steel surface should be checked.
The parts that are not easy to spray should be inspected, and the requirement of removing rust by hand or power tools can be reduced appropriately.
Price trend of ceramic sand -steel precision casting price
Under the influence of steel precision casting the Fed's interest rate hike, commodity pressure has increased, while the downward volatility of international crude oil at the cost side and weak support on the demand side are also key factors dragging down the fall in chemicals. In August, the demand stimulus policy has been further strengthened, and the demand for some raw materials is expected to improve. The high supporting factors of global energy prices remain under the impact of the superimposed supply chain, and the decline in the chemical market is expected to narrow gradually in August.
First, under the global steel precision casting tightening policy, the downward pressure on chemicals has increased. Affected by the increase in interest rates by the Federal Reserve, people in the industry are generally more worried about the economic recession. under the guidance of market pessimism, the external quotations of most chemical products have been continuously lowered.
Second, raw materials such as international oil prices have fallen sharply, weakening the cost support for chemicals and dragging down the market atmosphere at the same time. Take crude oil as an example, steel precision casting the oil price showed an resistant decline during the month, although the supply side was still limited to support the fundamentals of oil prices, but the European Central Bank followed the Federal Reserve to raise interest rates aggressively, and the macro pressure did not abate. during the month, the fall in oil prices weakened support for the cost side of chemicals.
Third, supply is strong and demand is weak, and the impact on the supply and demand side is gradually strengthened. The supply side is generally loose. On the one hand, the gradual release of new production capacity has increased the supply of some chemicals.
On the other hand, since the second quarter, non-market factors have suddenly occurred and economic growth at home and abroad has slowed down. Sales of most chemicals are not smooth and inventory continues to accumulate. The demand side recovers slowly, and the consumption of chemicals increases slowly. Under the care of the steel precision casting demand stimulus policy, the terminal industry has gradually recovered, superimposed various stable growth policies have been gradually strengthened, and the overall performance of the demand side is cautious and optimistic, but the growth of real demand still needs a certain period of time. Overall, the demand side still has a negative impact on the price of chemical products.
Leading Ceramic Foundry Sand steel precision casting Supplier in China
SANMENXIA QIANGXIN FOUNDRY MATERIAL CO., LTD. ( Fused Ceramic Sand ) is specialized in the production and sales of high-end casting new material - fused ceramic sand for foundry (commonly known as "Ceramic Sand).
We (www.fusedceramicsand.com) are the professional manufacturer of ceramic foundry sand for foundry industries, high quality, good service and meet different needs for your project.
Professional Foundry Ceramic Sand for multiple purpose,lower thermal expansion, resulting in higher precision and accuracy of castings.
Mobile: +86 15703799093
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