Commodity prices are on track for their biggest rally in more than a century, while fixed-income assets have seen their longest run of outflows as the war in Ukraine adds to inflationary pressures in the global economy emerging from the coronavirus lockdown, according to Bank of America.
"Commodity prices this year are on track to record their biggest gains since 1915." the bank said in its weekly briefing. They cite many factors, such as pandemics, lockdown, civil strife, wars, excessive monetary and fiscal stimulus, and supply chain disruptions, that have led to "historically" high inflation.
By the same token, it said government bonds were heading for their worst year since 1949, and "negative-yielding bonds will quietly disappear" from the market as central banks embark on a monetary tightening cycle and raise interest rates to tame soaring inflation.
The prices of many commodities like the Spherical Tungsten Carbide Powder are expected to increase in the future.
As a typical representative of refractory metal carbides, spherical tungsten carbide powder is suitable for 3D printing and can produce higher quality cemented carbide products.
3D printing, also known as additive manufacturing, is the latest rapid prototyping device using technologies such as light curing and paper lamination. The biggest difference from ordinary printers is that the printing material can be liquid or solid powder. With the development of science and technology and the needs of popularization and application, the use of rapid direct prototyping to manufacture metal functional parts has become the main development direction of rapid prototyping.
Compared with traditional production methods, additive manufacturing technology has the characteristics of shorter production cycle, higher product precision, and individualization. In addition to being suitable for the manufacture of rapid prototyping small batch non-standard parts and heterogeneous material assemblies, metal 3D printing is also suitable for forming traditionally difficult parts, such as carbide tools, molds, structural parts, geological mining tools, etc.
Cemented carbide is an alloy material produced by powder metallurgy with tungsten carbide as the hard phase and cobalt, nickel, iron, copper and other metal elements as the bonding phase. It has high melting point, high strength, high hardness, good Red hardness, wear resistance, high temperature resistance and other characteristics, so it is widely used in extreme environments such as high temperature, high pressure, and high impact. However, alloys have very poor machinability due to their high hardness and high melting point.
The researchers used 3D printing technology to manufacture cemented carbide, which can effectively solve the problems of fracture, expansion and deformation of products made by traditional production methods. However, additive manufacturing technology has high requirements on the comprehensive performance of raw materials, and spherical tungsten carbide powder must be used, because it has the advantages of smooth surface, uniform particle size distribution, and high fluidity, which is the premise of smooth powder feeding and uniform powder distribution for 3D printers.
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Since the beginning of this year, China's macro policies have made continuous efforts to stabilize economic growth. America and Europe are raising interest rates to control inflation. On March the European Central Bank left its three key interest rates unchanged and began to scale back its asset-purchase programme. Then the Federal Reserve raised the target range of the federal funds rate by 25 basis points to 0.25%-0.5%. The accelerated tightening of monetary policies in the US and Europe pushed capital back to the US and increased interest rates, which will definitely increase the risk of RMB depreciation and capital outflow. The price and market of the Spherical Tungsten Carbide Powder will also be affected, resulting in a range of fluctuations. You are welcome to contact us for the latest quotation of Spherical Tungsten Carbide Powder.
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