Gold price price weakening on the price impact of stainless steel square tubing
On Oct. 19, COMEX gold was trading weaker, up 1.3% at $1,634.20 an ounce. Domestic SHFE gold overnight session continued to retreat, closed at $389.34 / oz, down 0.37%.
Despite the recent slight decline in the US dollar index, the market expectations of the Federal Reserve to raise interest rates by 75 basis points in November have exceeded 90% against the backdrop of the high CPI data in September. Most Fed policymakers also expect to raise the policy rate from the current 3%-3.25% to 4.5%-4.75% at the beginning of next year. Therefore, US Treasury yields have been very strong. 10-year Treasury yields are trading at 10-year highs, pressuring gold prices. From the perspective of funds, gold ETF holdings in a state of continuous decline, showing the dominance of shorts. So in the short term, the price of gold still has room to fall, or continue to dip to new lows.
The jump in the price of nickel in London to its highest level in seven years has also had an impact on the stainless steel square tubing
The prospect of reduced supply has emerged in recent months as demand for stainless steel has improved as the aerospace and oil and gas industries have rebounded from the nadir of COVID-19 last year. The pandemic has led to a continued logistics downturn, with shipping congestion in the Atlantic, Pacific and Indian basins, making it harder for consumers to access raw materials such as nickel. If you are looking for stainless steel square tubing, feel free to contact Wudenalloy .
Expectations of less nickel from Indonesia, a major supplier, also helped drive prices higher. The Southeast Asian country said last month it planned to ban or export semi-finished products used to make stainless steel to keep more stainless steel in the country and support a domestic industry focused on electric car batteries.
Indonesia has been reversing its policy since it first imposed a ban on unprocessed mineral exports in 2014, According to Allan Ray Restauro, a BloombergNEF analyst, in a report. In 2017, Exports were allowed again, but only by companies that own and operate smelters. The export ban was subsequently brought forward by two years, to 2020.
BloombergNEF expects nickel prices to remain above $18, 000 a ton, although the metal will continue to underperform copper and aluminum.
Wudenalloy offers high-quality Hastelloy, Incoloy®, Inconel®, Monel ®, duplex stainless steel , n ickel and Other Alloys.
The global competitive landscape of t he stainless steel square tubing
Nickel alloy is mainly used in electronic and electrical products in the household field, and stainless steel square tubing is mainly used in TV manufacturing and household appliance manufacturing. The global nickel alloy market demand is increasing rapidly, and the development prospect is good. The nickel alloy strip processing industry is in the replacement stage of the old industry and new industry, and the market opportunity is good.
Once predicted copper alloy lead frame strip will completely replace nickel alloy lead frame strip situation, currently, through the market stainless steel square tubing screening classification, it shows that nickel alloy cannot completely replace, and has basically formed nickel alloy accounted for 20%, copper alloy accounted for 80% of the proportion. In recent years, with the miniaturization of integrated circuits, the application of nickel alloy strip is expanding due to their special properties.
The price of nickel-base alloy stainless steel square tubing fluctuates greatly and becomes the main competition point
Nickel and nickel alloy strip as an important metal material has a strong ability to add value, with the development of the global economy for nickel alloy strip demand increasingly strong, product prices will fluctuate with the development of the market. Wudenalloy Co., Ltd., ISO 9001 certified, is the world leading supplier of corrosion-resistant and high-temperature resistant specialty materials, specializing in the production of nickel alloys for more than 10 years serving some of today most critical industries. Our team of experienced experts works with aerospace, petroleum, chemical, natural gas, heat treatment, power generation and related industries to provide efficient pipeline components and value-added services.
Wudenalloy offers high-quality Hastelloy, Incoloy®, Inconel®, Monel ®, duplex stainless steel , nickel and other alloy materials. These materials can be made into bars, plates, pipes, flanges, valves, forgings and other forms to meet the needs of our customers. Feel free to contact us. Wudenalloy is your trusted supplier of special alloy materials.
What are the industry requirements for stainless steel square tubing?
Pure nickel is generally used in chemical equipment corrosion resistant structural parts, precision instruments, electronic tubes and radio equipment parts and other fields, high purity nickel N4 in electrolytic, electroplating and other industries have a large demand, mainly for the wide medium-thick plates. Ultra-pure nickel is used in areas such as batteries.
Nickel-based superalloy has good resistance to high temperature, corrosion or some specific environment adaptability. Although the new increment of the nuclear power industry fluctuates greatly each year, it still maintains the trend of growth in the long run. In the nuclear power equipment manufacturing industry, the superalloy material stainless steel square tubing has an irreplaceable role due to its excellent characteristics of high-temperature resistance and high strength resistance and is mainly used in the nuclear island that undertakes nuclear reaction work.
Ti-Ni shape memory alloy is widely used in human heart stents, dental orthodontics and other fields. With the gradual deepening of r&d investment in the medical device industry, the technological innovation and material application of medical device products have developed rapidly. For shape memory alloy, the demand scale of high-tech materials such as stainless steel square tubing shows an obvious upward trend, while the demand scale of emerging industries such as aerospace, automobile and robot also shows a rapid growth trend.
T he stainless steel square tubing high quality supplier
Wudenalloy has focused on the production and manufacture of nickel alloys for more than ten years. We are a principal worldwide supplier of corrosion-resistant alloy and other superalloy metals. We have a professional technical team and after-sales service, so we can offer high-quality Hastelloy®, Incoloy®, Inconel®, Monel®, Duplex Stainless Steel and other alloy material. These materials are available in bar, sheet&plate, pipe&tube, flange, forging, and other forms to meet the needs of our customers.
If you are looking for stainless steel square tubing, please send an email to firstname.lastname@example.org , feel free to contact us. Wudenalloy is your trusted supplier of special alloy materials.
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