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 Ti6Al4V powder 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. West Texas Intermediate for April settled 7% higher at $112.12 a barrel on Monday.
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 Ti6Al4V powder.
What is Ti6Al4V?
The composition of titanium alloy TC4 material is Ti-6Al-4V, which belongs to (α+β) type titanium alloy and has good comprehensive mechanical and mechanical properties. than the strength. The strength sb=1.012GPa of Ti6Al4V, the density g=4.51g/cm3, the specific strength sb/g=23.5, while the specific strength sb/g of alloy steel is less than 18. Titanium alloys have low thermal conductivity. The thermal conductivity of titanium alloy is 1/5 of iron and 1/10 of aluminum, and the thermal conductivity of Ti6Al4V is l=7.955W/m·K.
The main application of Ti6Al4V
Ti6Al4V is a titanium alloy material widely used in the aerospace and medical fields. After Tongrun Ti6Al4V powder is formed by selective laser melting (SLM) additive manufacturing equipment, the microstructure of the obtained parts is uniform and dense, and has the characteristics of rapid solidification.
TA15 is a high temperature titanium alloy with room temperature mechanical properties slightly higher than Ti6Al4V and medium high temperature mechanical properties. It is mainly used for the printing and forming of aerospace structural parts and engine parts. Tongrun independently developed TA15 powder. At present, the powder has been used in the forming of various types of titanium alloy parts. The maximum size of the parts has reached 1000mm. Some products have been successfully delivered to customers to meet the stringent requirements of the aerospace industry.
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Prior to the impact of COVID-19 on the chemicals and materials industry and the price of the Ti6Al4V powder, many industry observers expected low to flat growth in 2021 in all regions outside Asia, with many countries seeing slower growth compared to recent years. Operational excellence has long been a hallmark of the chemical industry, and many companies are financially able to withstand short-term dips in end-market demand due to rapid leverage from reduced capex on hand.
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