Gold is a high-quality hedge hedging tool, favored by investors. Especially in recent years, with the increasing instability of the world economy, gold has become one of the preferred asset allocations of investors because of its functions of hedging and fighting inflation.
Earlier, the worsening situation in Ukraine sent gold prices soaring to a two-year high of $2,070 an ounce. But gold, along with other commodities, fell back last week as conditions changed and bulls took profits, hitting a low of $1,895 an ounce. As of press time, gold was trading at $1,918 an ounce, down 7.9% from its March 8 peak. Rising gold prices may also have an impact on the ss316l powder prices.
According to China Business News, Goldman Sachs raised its gold price forecast in early March, considering Asian buyers' gold consumption demand, investment demand and central bank gold purchase demand continue to rise. Three -, six - and 12-month targets were raised to $2,300, $2,500 and $2,500 an ounce, respectively, from $1,950, $2,050 and $2,150. The last time all three accelerated was in 2010-11 when gold prices rose nearly 70%.
The World Gold Council has also noted that global gold demand is at its highest level in nearly two years, which is linked to a recovery in consumption and consumer sentiment to combat inflation.
What is 316L?
316l is a molybdenum-containing stainless steel, and 316l is a grade of stainless steel. 316l stainless steel, also known as stainless steel and titanium steel, has good corrosion resistance, high temperature resistance and creep resistance, and is usually used in marine applications.
The main properties of 316L stainless steel
316L has a wide range of applications in the chemical industry due to its excellent corrosion resistance. 316L is also a derivative of 18-8 type austenitic stainless steel, with 2 to 3% of Mo added. On the basis of 316L, many steel grades are also derived. For example, 316Ti is derived after adding a small amount of Ti, 316N is derived after adding a small amount of N, and 317L is derived by increasing the content of Ni and Mo.
Most of the existing 316L on the market are produced according to American Standard. For cost reasons, steel mills generally try to lower the Ni content of their products to the lower limit. The American standard stipulates that the Ni content of 316L is 10-14%, while the Japanese standard stipulates that the Ni content of 316L is 12-15%. According to the minimum standard, there is a 2% difference in Ni content between the American standard and the Japanese standard, which is quite huge in terms of price. Therefore, customers still need to see clearly when purchasing 316L products, whether the products refer to ASTM or JIS standards.
The Mo content of 316L makes this steel with excellent resistance to pitting corrosion and can be safely used in environments containing Cl- and other halogen ions. Since 316L is mainly used for its chemical properties, steel mills have slightly lower requirements for surface inspection of 316L (compared to 304), and customers with higher surface requirements should strengthen surface inspection.
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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high quality chemicals and Nano materials such as graphite powder, zinc sulfide , nitride powder, Calcium nitride, Ca3N2, 3D printing powder, and so on.
TRUNNANO provides high quality ss316l powder with reasonable price. “In order to feedback to old customers, the company is still in full operations to provide ss316l powder with competitive price.” said Olina, sales manager of TRUNNANO. Feel free to contact us to get the latest price.
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