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. 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(Ti6Al4V)?
TC4(Ti6Al4V) alloy is a medium strength α-β type two-phase titanium alloy containing 6% α-stabilizing element AI and 4% β-stabilizing element V. This alloy has excellent comprehensive properties and has obtained the most extensive applications in the aviation and aerospace industries. The long-term working temperature of the alloy can reach 400 ℃. In the aviation industry, it is mainly used to manufacture the fan and compressor disks and blades of the engine, as well as the important load-bearing components such as beams, joints and bulkheads in the aircraft structure.
The main semi-finished products of TC4 titanium alloy are bars, forgings, thick plates, thin plates, profiles and wires, etc. The alloy is mainly used in the annealed state, and can also be strengthened by solution aging treatment, but the hardened cross section is generally not more than 25mm.
The alloy has good process plasticity and superplasticity, and is suitable for various pressure forming. The alloy can also be welded and machined in various ways.
TC4(Ti6Al4V) heat treatment system
Plate: 700-850℃, 0.5-2h, air cooling; bar and forging: 700-800℃, 1-2h, air cooling.
2. Vacuum annealing
700-800°C, 0.5-2h, the furnace is cooled to below 200°C to allow air cooling. The absolute pressure in the furnace should be no more than 0.09Pa.
3. Solution treatment
910-940℃, 0.5-2h, water quenching.
520-550°C, 2-4h, air cooling.
5. Stress relief annealing
Complete stress relief annealing: 600-650℃, 1-4h, air cooling; incomplete stress relief annealing: 500-600℃, 0.5-3h, air cooling. Stress relief annealing can be carried out in an air furnace or a vacuum furnace.
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The United States urges the U.N. Security Council to impose additional sanctions on North Korea in response to its latest ballistic missile launch, including a ban on tobacco and oil exports to North Korea and a blacklist of the Lazarus hacking group.
The United States circulated the draft to the 15 members of the Security Council this week. It was not immediately clear if or when a vote would take place. A resolution requires nine "yes" votes and no vetoes from Russia, China, France, Britain, or the United States.
Russia and China have already voiced opposition to tightening sanctions in response to Pyongyang's launch of an intercontinental ballistic missile last month -- the first since 2017.
U.S. and South Korean officials and analysts also say there are growing indications that North Korea may soon conduct its first nuclear weapons test since 2017, too.
The U.S. -drafted U.N. resolution would expand the ban on ballistic missile launches to include cruise missiles or "any other delivery system capable of delivering a nuclear weapon."
The deal would halve crude oil exports to North Korea to 2 million barrels a year and refined oil exports to 250,000 barrels a year. The resolution also seeks to ban North Korea's export of "fossil fuels, mineral oils, and their distilled Ti6Al4V Powder are estimated to be influenced by international political situation changes.
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