Gold is a high-quality hedge hedging tool, favored by investors. Especially in recent years, with the increasing instability of the world economy, gold has become one of the preferred asset allocations of investors because of its functions of hedging and fighting inflation.
Earlier, the worsening situation in Ukraine sent gold prices soaring to a two-year high of $2,070 an ounce. But gold, along with other commodities, fell back last week as conditions changed and bulls took profits, hitting a low of $1,895 an ounce. Rising gold prices may also have an impact on the 316l stainless steel powder prices.
According to China Business News, Goldman Sachs raised its gold price forecast in early March, considering Asian buyers' gold consumption demand, investment demand and central bank gold purchase demand continue to rise. Three -, six - and 12-month targets were raised to $2,300, $2,500 and $2,500 an ounce, respectively, from $1,950, $2,050 and $2,150. The last time all three accelerated was in 2010-11 when gold prices rose nearly 70%.
The World Gold Council has also noted that global gold demand is at its highest level in nearly two years, which is linked to a recovery in consumption and consumer sentiment to combat inflation.
What is 316L stainless steel?
316L grade stainless steel, also known as A4 stainless steel or marine grade stainless steel, is the second most common austenitic stainless steel after 304/A2 stainless steel. The main alloy composition after iron is chromium (16-18%), nickel (10-12%) and molybdenum (2-3%), as well as a small amount (< 1%) of silicon, phosphorus and sulfur.
316L is commonly used in the chemical and petrochemical industries, food processing, pharmaceutical equipment, medical devices, drinking water, wastewater treatment, marine applications and near the coast or in urban areas.
316L vs. 316 stainless steel
316 and 316L stainless steel alloys are both marine-grade steels. The difference between them is that the proportion of carbon in 316L is lower. To meet the requirements of 316L stainless steel, the carbon content must not exceed 0.03%. This reduces the risk of carbon deposition, making it a better choice for welding to ensure maximum corrosion resistance.
316 stainless steel has a medium carbon content and a molybdenum content of between 2% and 3%, thus improving its resistance to corrosion, acidic elements and high temperatures.
Both materials have excellent ductility, which means that they perform well in bending, stretching, deep drawing and spinning.
Should I use 316 or 316L stainless steel?
You need to consider the following factors:
316L is the best choice for high corrosion and high temperature applications. Because the carbon content of 316L is less than that of 316, it has better intergranular corrosion resistance, which means that its weld will not rot like 316 stainless steel.
The cost of 316 and 316L stainless steel is roughly the same.
The responsiveness of 316 stainless steel to magnetic field is very low. Unlike ferromagnetic basic stainless steels, most varieties of stainless steel (including 316) are austenitic-or actually non-magnetic.
However, some 316 stainless steel products can be cold formed and welded, in which the crystal structure of austenite is transformed into ferromagnetic martensite. 316L steel is easier to obtain a certain degree of magnetism.
Both types of stainless steel can be used in various industries. However, 316 is mainly used in construction and infrastructure because it is sturdy, pitting and corrosion resistant in most cases. 316L is very popular in pharmaceutical and photographic equipment because it can withstand welding and corrosive chemicals.
316L and 316 Stainless Steel powder Price
The price is influenced by many factors including the supply and demand in the market, industry trends, economic activity, market sentiment, and unexpected events.
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Twitter recently announced that it had reached an agreement with Musk to take full ownership of the company for $54.20 per share, or about $44 billion in cash. After the deal, Twitter will become a privately held company. The deal, which has been unanimously approved by Twitter's board but still requires shareholder and regulatory approvals, is expected to close in 2022.
After Tesla CEO Elon Musk's acquisition of Twitter was finalized, Twitter founder Jack Dorsey sent out a series of six tweets expressing his expectations for Musk.
Dorsey called Twitter his biggest regret, saying, “The idea and service is all that matters to me, and I will do whatever it takes to protect both. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step.
"In principle, I don't believe anyone should own or run Twitter," Dorsey goes on. He thinks the service is a public good.
He called Musk a "singular solution" to Twitter's problems, "Elon's goal of creating a platform that is" Maximally trusted and inclusive "is the right one." He wrote, "Thank you both for getting the company out of an impossible situation. This is the right path... I believe it with all my heart."
Besides, because of the ever-changing international situation, the supply and prices of international bulk 316l stainless steel powder are still very uncertain.
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