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 white cement 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 white cement.
What is white cement?
The raw material of appropriate composition is burned to partially melted. The clinker with calcium silicate as the main component and low iron content is added with appropriate amount of gypsum, and it is a white hydraulic cementing material made by grinding, called white silicate cement (referred to as white cement).
When grinding cement, it is allowed to add limestone not exceeding 5% of the cement weight.
Note: It is allowed to add grinding aids that do not damage the cement performance to grind cement, and the addition amount does not exceed 1% of the cement weight. Incorporation of other admixtures must be tested and submitted to the Ministry of Building Materials Industry for approval.
Grade of white cement:
(1) Label: There are four labels: 325, 425, 525, and 625.
(2) Whiteness: the minimum whiteness is not less than 87. 90 whiteness and 92 whiteness.
Characteristic of white cement:
White cement, white Portland cement is abbreviated as white cement, is a hydraulic cementitious material made of white Portland cement clinker added to gypsum and ground. The typical feature is high whiteness and bright color.
Applications of white cement:
The typical characteristic of white cement is that it has high whiteness and bright color. It is generally used as a variety of building decoration materials. Typical examples are stucco, sculpture, ground, terrazzo products, etc. White cement can also be used to make white and colored concrete components. It is the largest variety of decorative cement produced.
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The war in Russia and Ukraine is roiling global financial markets. Russia and Ukraine are important commodity suppliers in the world, so their conflict is bound to make a full impact on the global commodity supply. In view of this, the price of the white cement may continue to rise in the future.
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