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 Iron Oxide Fe3O4.
Iron oxide Fe3O4 overview
Iron oxide Fe3O4 is an inorganic substance with the chemical formula Fe3O4. It is a magnetic black crystal, so it is also called magnetic iron oxide. It cannot be regarded as "ferrous metaferrite" [Fe(FeO2)2], nor can it be regarded as a mixture of ferrous oxide (FeO) and iron oxide (Fe2O3), but it can be approximately regarded as ferrous oxide. A compound composed of iron and iron oxide (FeO·Fe2O3). This substance is insoluble in water, alkaline solution and organic solvents such as ethanol and ether. Natural ferric oxide is insoluble in acid solution, and is easily oxidized to iron oxide (Fe2O3) in the air in a humid state. Usually used as a pigment and polishing agent, it can also be used in the manufacture of audio tapes and telecommunications equipment.
Application of iron oxide Fe3O4
Iron oxide Fe3O4 is a commonly used magnetic material.
Specially made pure ferric oxide is used as raw material for recording tapes and telecommunication equipment.
Natural magnetite is the raw material for iron making.
Used for primers and topcoats.
Ferric oxide is the main raw material for the production of iron catalyst (a catalyst).
It is very hard and can be used as abrasive. It has been widely used in the field of automobile braking, such as: brake pads, brake shoes, etc.
Ferric oxide has been recognized in the field of domestic welding materials, and the production of welding electrodes and wires is still in its infancy, and the market prospect is very broad.
Due to its large specific gravity and strong magnetic properties, ferric oxide has shown good performance in sewage treatment.
Ferric oxide can also be used as pigment and polishing agent.
We can also use certain chemical reactions, such as the use of sodium nitrite, etc., to form a dense layer of iron tetroxide on the surface of steel to prevent or slow down the corrosion of steel, such as the bluing of firearms, saw blades, etc. blackened. Commonly known as "baked blue".
Making special electrodes
In the contemporary electrified and information society, magnetic materials are widely used. As a multifunctional magnetic material, ferroferric oxide magnetic material has been widely used in tumor treatment, microwave absorption material, catalyst carrier, cell separation, magnetic recording material, magnetic fluid, medicine and other fields. There are development prospects.
Iron oxide Fe3O4 price
The price of iron oxide Fe3O4 powder will change randomly with the production cost, transportation cost, international situation and the market supply and demand of iron oxide Fe3O4 powder. Tanki New Materials Co.,Ltd aims to help various industries and chemical wholesalers find high-quality, low-cost nanomaterials and chemicals by providing a full range of customized services. If you are looking for iron oxide Fe3O4 powder, please feel free to send an inquiry to get the latest price of iron oxide Fe3O4 powder
Iron oxide Fe3O4 supplier
As a global supplier of iron oxide Fe3O4, Tanki New Materials Ltd. has extensive experience in the performance, application and cost-effective manufacturing of advanced and engineered materials. The company has successfully developed a series of powder materials (including boron carbide, aluminum carbide, titanium carbide, etc.), high-purity target materials, functional ceramics and structural devices, and provides OEM services.
|Technical Parameter of Iron Oxide Fe3O4 Powder：|
|Moisture content ≤﹪||0.7||0.7|
|Water Soluble ≤﹪||0.4||0.4|
|Residue On Sieve(325mesh)||0.3||0.3|
|Oil absorption (ml/100g)||21||21|
|Tinting strength ﹪||99||99|
The COVID-19 pandemic has affected economies and chemical companies in many countries around the world. Measures such as extending holidays and resuming work were taken to control the development of the epidemic, and the normal operation of some chemical enterprises was also affected to some extent.
We provides high quality Iron Oxide Fe3O4 with reasonable price. “In order to feedback to old customers, the company is still in full operations to provide Iron Oxide Fe3O4 with competitive price.” said Olina, the sales manager.
Chemical Iron Oxide Fe3O4, feel free to contact us.
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