Analysts at JPMorgan recommended selling or "underweight" emerging market local currency sovereign debt because of the global impact of the Ukraine-Russia crisis.
JPMorgan estimated that fixed-income assets in emerging markets have lost 6-9 percent of their value since Russia invaded Ukraine a month ago, with nervousness about the war and its impact on global energy and food prices adding to existing pressures.
Some leading emerging market central banks are signaling that interest rates now need to rise faster than previously expected, which fuels fears of "stagflation". Stagflation means when high inflation and higher interest rates undermine economic growth.
With both the U.S. Federal Reserve and emerging market central banks raising interest rates, JPMorgan also said it made sense to "underweight" emerging market assets by taking advantage of the recent pullback in local currency bond yields relative to TREASURIES.
JPMorgan said major metals exporters such as South Africa, Chile, and Peru could still do well, but warned that emerging market fixed income assets now faced a more "stagflationary" trajectory.
The markets and prices of many commodities, metals, chemicals like the silicon nitride still face uncertainty.
What is silicon nitride?
Silicon nitride formula is Si3N4. Silicon nitride has two crystal forms: an and β. A-Si3N4 is granular crystal and p-Si3N4 is acicular crystal, both of which belong to hexagonal system.
Silicon nitride relative density is 3.18. Silicon nitride Morse hardness scale is 9. Low coefficient of thermal expansion, good chemical stability and excellent oxidation resistance. It decomposes into nitrogen and silicon at 1900℃. The strength of silicon nitride is very high and resistant to high temperature. Even if the high temperature is 1200℃, its strength will not change, it will not melt when heated. And it will not decompose until 1900℃. It has strong chemical corrosion resistance and can withstand the corrosion of almost all inorganic acids and a variety of organic acids. Silicon nitride has the advantages of hardness, low coefficient of thermal expansion, excellent thermal shock stability, good insulation, stable chemical properties and high mechanical strength.
Silicon nitride properties
High strength in a wide temperature range.
High fracture toughness.
Good bending strength.
Mechanical fatigue and creep resistance.
Lightweight-low density.
High hardness and wear resistance, impact and friction modes.
Excellent thermal shock resistance.
Low thermal expansion.
Electrical insulator.
Good oxidation resistance.
Good chemical corrosion resistance.
Wear resistance.
High rigidity.
What are the advantages of silicon nitride?
Compared with other technical ceramics, the low thermal expansion coefficient of silicon nitride provides good thermal shock resistance. It is very hard, better than most metals in terms of high temperature capacity, and has excellent oxidation resistance. As a result, silicon nitride can withstand the harshest conditions in the most demanding high temperature and high load applications.
When the silicon nitride bearing is used in the main engine of the space shuttle, it is identified as one of the few integral ceramic materials that can withstand severe thermal shocks and thermal gradients produced by hydrogen / oxygen rocket engines, and proved to be completely reliable throughout the space shuttle program.
What is silicon nitride used for?
Used for insulating materials, mechanical wear-resistant materials, heat engine materials, cutting tools, advanced refractories and corrosion-resistant, wear-resistant sealing parts, etc.
Silicon nitride ceramics can be used as combustion chamber of gas turbine, mechanical sealing ring, pipeline and valve of electromagnetic pump for conveying liquid aluminum, permanent mold, molten steel separation ring and so on.
Silicon nitride has a small friction coefficient and is used in high temperature bearings. its working temperature can reach 1200 ℃, which is 2.5 times higher than that of ordinary alloy bearings, and its working speed is 10 times that of ordinary bearings.
The use of silicon nitride ceramic with good electrical insulation and rapid cold and heat resistance can be used as an electric plug, which can greatly shorten the engine starting time and start the car quickly in cold weather.
Silicon nitride ceramics also have good microwave permeability, dielectric properties and high temperature strength, which can be used as radar radome for missiles and aircraft.
Silicon Nitride Price
The price is influenced by many factors including the supply and demand in the market, industry trends, economic activity, market sentiment, and unexpected events.
If you are looking for the latest silicon nitride powder price, you can send us your inquiry for a quote. (sales3@nanotrun.com)
Silicon Nitride Supplier
Luoyang Tongrun Nano Technology Co. Ltd. (TRUNNANO) is a trusted Si3N4 manufacturer and Si3N4 supplier with over 12-year-experience. We ship our goods all over the world.
If you are looking for high-quality Si3N4 powder, please feel free to contact us and send an inquiry. (sales3@nanotrun.com)
With the outbreak of the Russia-Ukraine conflict, the market is increasingly worried about the potential disruption of Russia's energy supply. Geopolitical premiums have pushed up the price of crude oil and natural gas, and the energy price is expected to remain high in the short term. Affected by this, the market price of the silicon nitride may continue to rise.
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