As the world deals with potential supply shortages, oil prices are soaring again, with more dramatic spikes and sudden drops expected.
For consumers, that means more expensive gas for longer - prices at the pump remain above $4 a gallon. For the economy, that means more inflation. In addition to the pressure on consumers, any business that relies on oil -- from airlines and truck drivers to chemical companies and plastics producers -- will face higher costs.
Mr Pickering estimates that 2m to 3m barrels a day of Russian oil shipped by water are frozen out of the market with no direct buyers. Due to the soaring oil price, the price of the GH4049 alloy rod in the chemical industry will also be greatly affected. He said China and India are continuing to buy Russian crude. "I'm sure there will be others willing to take on more over time," he said. Mr Pickering said he did not expect oil to return to $130 a barrel, but added that it could happen. Francisco Branch, head of commodities and derivatives at Bank of America, said the US market was ready for cyclical price spikes and price swings in the GH4049 alloy rod.
GH4049 is a Ni-Co-Cr-based deposition hardening deformation superalloy, the application temperature is lower than 950℃. The alloy has good oxidation resistance below 1000°C, and high high-temperature compressive strength below 950°C, which is suitable for the production of natural gas turbocharger blades with operating temperatures ranging from 850°C to 950°C. The key equipment includes hot rolling and forging bar stock and free forging turbine blades.
Application and characteristics of GH4049 superalloy
Alloys have been used to make aircraft engine turbine blades and other high temperature load-bearing parts. After a long period of manufacture and application, it has become one of the most widely used foliar raw materials.
Compared with similar nickel-based alloys in the same way, the alloy's hot working process plasticity is weak, but after electroslag remelting or vacuum pump electric remelting, its production and processing plasticity can be improved, with fracture at 1000 ° C ~ 1170 ° C The toughness is increased by 1~3 times.
Heat treatment process rules and regulations:
1200℃±10℃ heat preservation for 2 hours air cooling+1050℃±10℃ heat preservation for 4 hours air cooling+850℃±10℃ heat preservation for 8 hours air cooling, HB363~302
GH4049 is a nickel-based aging-strengthened alloy with high high temperature strength below 950 degrees, small notch sensitivity, good oxidation resistance and fatigue strength, but poor hot working plasticity. Vacuum consumable or electroslag remelting can improve its heat processing plasticity
GH4049 alloy has been used to make aero-engine turbine blades and other high-temperature load-bearing parts. After long-term production and use test, it has become one of the most widely used blade materials.
The new process of constant temperature toughness rolling is applied to the production practice of GH4049 alloy hot-rolled bars. The production process and product quality are relatively stable, and the products can meet the needs of the market in large quantities, so they have been well evaluated by users, both economic and social benefits. relatively significant.
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Since February, gold has enjoyed a smooth upward run on the back of surging US inflation and the brewing of war. While expectations of rate rises have also risen in tandem over this period, gold had been largely pre-priced and the underlying driver of tightening expectations had come from inflation continuing to rise to record highs. The risk aversion caused by the continued tension in the war also provided an important short-term support for gold. This will have a certain impact on the price of the GH4049 alloy rod and the market of the GH4049 alloy rod.
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