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 Copper Iodide price 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. West Texas Intermediate for April settled 7% higher at $112.12 a barrel on Monday.
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 product name.
About Copper Iodide:
Copper(I) iodide with CAS 7681-65-4 is the inorganic compound with the formula CuI. It is also known as cuprous iodide.
Specifications and properties of Copper Iodide:
|Molar mass：||190.45 g/mol|
|Appearance：||White powder，when impure: tan or brownish|
|Melting point：||606 °C (1,123 °F; 879 K)|
|Boiling point：||1,290 °C (2,350 °F; 1,560 K) (decomposes)|
|Solubility in water：||0.000042 g/100 mL|
|Solubility product (Ksp)：||1 x 10−12|
|Solubility：||soluble in ammonia and iodide solutions，insoluble in dilute acids，Vapor pressure 10 mm Hg (656 °C)|
|Magnetic susceptibility (χ)：||-63.0·10−6 cm3/mol|
|Refractive index (nD)：||2.346|
Application of Cuprous iodide:
Cuprous iodide is widely used as an organic synthesis catalyst, a resin modifier, a rain-seeding agent, an anodic ray tube coating, and a source of iodine in iodized salt.
Storage Condition of Cuprous iodide Powder:
Damp reunion will affect Cuprous iodide powder dispersion performance and using effects, therefore,Cuprous iodide Powder should be sealed in vacuum packing and stored in cool and dry room, the Cuprous iodide Powder can not be exposure to air. In addition, the Cuprous iodide powder should be avoided under stress.
Packing & Shipping of Cuprous iodide Powder:
We have many different kinds of packing which depends on the Cuprous iodide Powder quantity.
Cuprous iodide Powder packing:vacuum packing, 100g, 500g or 1kg/bag, 25kg/barrel, or as your request.
Cuprous iodide Powder shipping:could be shipped out by sea , by air, by express as soon as possible once payment receipt.
Copper iodide is the inorganic compound, chemical formula CuI, submicron and nanopowder forms may be considered for industrial and application purpose. The appearance of Copper iodide is white. It mainly applied as an organic synthesis catalyst, a resin modifier, a rain-seeding agent, an anodic ray tube coating, and a source of iodine in iodized salt.
Since February, gold has enjoyed a smooth upward run on the back of surging US inflation and the brewing of war. While expectations of rate rises have also risen in tandem over this period, gold had been largely pre-priced and the underlying driver of tightening expectations had come from inflation continuing to rise to record highs. The risk aversion caused by the continued tension in the war also provided an important short-term support for gold. This will have a certain impact on the price of the Copper Iodide price and the market of the Copper Iodide price.
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