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 TC4?
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 TC4, 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 TC4 is l=7.955W/m·K.
Properties and uses of TC4 titanium alloy
Titanium alloys have properties such as low quality and high strength, good high temperature strength and good corrosion resistance, and have been widely used in emerging fields such as aerospace, navigation, automobiles, medical equipment, and sports equipment. As a medium-strength α-β titanium alloy, TC4 is mainly used in the manufacture of aircraft fuselage, wing parts and engine blades, and is currently the most widely used titanium alloy. TC4 alloy has high strength, good thermal stability, excellent corrosion resistance and good biocompatibility.
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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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