What is the Difference Between Nickel-based Alloys and Ordinary Stainless Steel

Recently, on Sinopec's annual results teleconference, the company representative answered questions about the oil prices, and said that the future trend of oil prices is still very uncertain, and it is expected to be around $100 this year and $85 next year respectively.

Sinopec, "There are many factors affecting oil prices at the moment, including geopolitics, macroeconomic trends, the implementation of the policy of OPEC+, the strength of the US DOLLAR and so on. We see a lot of uncertainty in the future oil prices. It is impossible to predict the accurate price, but a general trend could be estimated."

According to Sinopec, international institutions generally have a forecast of around $100 this year and around $85 next year in the oil prices. As geopolitical problems and other issues ease next year, oil prices will be lower than this year.

The volatile oil prices in the international market will continue to affect lots of industries and the supply of many Inconel625 powder.

In fact, in essence, nickel-based alloys are also a kind of stainless steel. They are just special stainless steels. The chemical composition is also different from ordinary stainless steel. Nickel-based alloys are high in nickel, high chromium, and high molybdenum. A high-alloy stainless steel of high-alloy stainless steel.

Among them, the famous steel is 6% Mo (254SMo). This steel has good local corrosion resistance. It has good pitting corrosion resistance and better stress corrosion resistance under the conditions of seawater, aeration, clearance and low-speed scouring (PI≥40). It is an alternative material for nickel-based alloys and titanium alloys. Secondly, it has excellent high temperature or high temperature corrosion resistance or corrosion resistance. It is irreplaceable for 304 stainless steel. In addition, from the perspective of the classification of stainless steel, the metallographic structure of special stainless steel is a stable austenitic metallurgical structure.

Because nickel-based alloy is a high-alloy high-performance special material, its manufacturing process will be more complicated than ordinary stainless steel products. At present, most of them still rely on traditional processes for manufacturing, such as: infusion, forging, rolling and other processes.

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Because of the conflict between Russia and Ukraine, there is a shortage of natural gas supply. At the same time, other renewable energy sources cannot produce enough electricity, so electricity prices have soared in many countries of the world. For this reason, I assume the supply and prices of the Inconel625 powder would keep being influenced by the high energy prices.

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