Oil futures tumbled more than $5 a barrel on news that the Biden administration is considering releasing about 1 million barrels a day from the U.S. Strategic Petroleum Reserve (SPR) for several months to cool surging crude prices.

Brent crude futures were down $4.71, or 4.2 percent, at $108.58 a barrel by 0035 GMT. U.S. West Texas Intermediate futures fell $5.45, or 5 percent, to $102.74 a barrel.

At an earlier time, gasoline prices had already reached record levels because of the Russia-Ukraine conflict.

The prices of other commodities like the 316L powder are also expected to be volatile.

316L Stainless Steel Powder
316L class stainless steel, sometimes referred to as A4 or Marine class stainless steel, is the second most common austenitic stainless steel after 304/A2. 
 

Stainless Steel 316L Powder Properties
Other Names	Stainless Steel Powders, SS316 powder, SS316L powder
CAS No.	52013-36-2
Compound Formula	SS316L
Molecular Weight	N/A
Appearance	grey black powder
Melting Point	N/A
Boiling Point	N/A
Density	7.9g/cm3
Solubility in H2O	N/A
Exact Mass	N/A

 

3D Printing Stainless Steel SS316L Powder

 
Stainless Steel
Like steel, stainless steel consists mainly of iron and carbon. However, stainless steel also contains at least 10.5% chromium, a metallic element that gives the metal a finish and excellent corrosion resistance. Stainless steel is ideal for long-term applications that will face elements, moisture, and potentially corrosive chemicals. It is also ideal for sensitive industries such as food preparation and pharmaceuticals because the risk of contamination is much lower.
Different grades of stainless steel also contain trace amounts of different elements. Class 304 stainless steel contains up to 35% nickel and is used in applications such as appliances, cookware, plumbing, and hardware. Grade 316 contains molybdenum, making it ideal for Marine equipment, chemical and pharmaceutical equipment, and commercial kitchen equipment. 316 steel is available in different varieties, including 316L. 316L stainless steel contains less carbon and molybdenum than typical 316 steel, which gives the two alloys different properties.

Differences between 316 and 316L Stainless Steel
The 316L component has a lower proportion of carbon. To meet the requirements of 316L stainless steel, the carbon content should not exceed 0.03%. This reduces the risk of carbon deposition, making it a better choice for welding to ensure maximum corrosion resistance.
The carbon content of 316 stainless steel is moderate and the molybdenum content is between 2% and 3%, which improves resistance to corrosion, acid elements, and high temperatures.
Both materials have excellent ductility, which means they perform well in bending, stretching, deep drawing, and spinning.

How to choose 316 or 316L Stainless Steel?
The following factors need to be considered when deciding whether to use 316 or 316L stainless steel:
Corrosion resistance: 316L is the best choice for high corrosion and high-temperature applications. Because 316L has less carbon than 316, it has better intergranular corrosion resistance, which means its welds don't decay like 316 stainless steel.
Cost: Although 316L has a lower carbon content, 316 and 316L stainless steel cost about the same.
Magnetism: 316 stainless steel has very low response to the magnetic field. Unlike ferromagnetic basic stainless steel, most varieties of stainless steel (including 316) are austenitic--or actually nonmagnetic. 
However, some 316 stainless steel products can undergo processes such as cold forming and welding, in which the austenite crystal structure is transformed into ferromagnetic martensite. 316L steel is easier to obtain a degree of magnetism. 
Practical applications: Both types of stainless steel can be used in a variety of industries.  However, 316 is mainly used in construction and infrastructure because it is robust, pitting, and corrosion resistant in most cases. The 316L is popular in pharmaceutical and photographic equipment because it can withstand welding and corrosive chemicals. 
 
Stainless Steel 316L Powder 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 stainless steel 316L powder price, you can send us your inquiry for a quote. ([email protected])
 
Stainless Steel 316L Powder Supplier
Luoyang Tongrun Nano Technology Co. Ltd. (TRUNNANO) is a trusted global chemical material supplier & manufacturer with over 12-year-experience in providing super high-quality chemicals and Nanomaterials, including silicon powder, nitride powder, graphite powder, zinc sulfide, calcium nitride, 3D printing powder, etc.
If you are looking for high-quality stainless steel 316L powder, please feel free to contact us and send an inquiry. ([email protected])
 

The latest poll by CSA for consumer finance company Cofidis shows the French are taking action to trim their budgets as inflation erodes household purchasing power.  

According to Le Figaro, the poll shows that French people think they need to earn an average of 490 euros more a month in order to live a decent life. This is an increase of 23 euros compared to the purchasing power barometer published in September 2021. Amid inflation and international tensions, this average in the polls masks differences among households, with some social groups much more severely affected by the decline in purchasing power than others. Seventy-eight percent of single-parent households, 76 percent of 25-to 34-year-olds, and 72 percent of blue-collar workers said the international situation had had a negative impact on their personal finances, compared with 64 percent of all French people.  

In response to rising prices, soaring energy, and food prices, in particular, the French government is preparing to launch a package of measures designed to increase the purchasing power, such as extending the energy price protection mechanism, the extension of the fuel discount measures, and more targeted alternative measures, will be distributed inflation-linked pension and social security benefits, check the "food" and so on.

Because of the soaring energy prices, the 316L powder price is predicted to rise in the future.

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