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 concrete foaming agent are also expected to be volatile.
What is Foam Concrete?
Foam concrete is a highly workable low-density material containing up to 80% air. It is usually self-leveling, self-compacting, and can be pumped. The risk of plastic shrinkage or settlement cracking is obviously lower than that of standard concrete.
Foam Concrete Advantages
Foam concrete is a versatile and practical material that can be customized to a variety of project needs and operating conditions.
1. Pumpable foam concrete - can be pumped over long distances and can be placed by conventional concrete pumps or rotor-stator pumps (often referred to as "worm pumps").
2. Self-compacting and self-leveling - making it ideal for inaccessible troughs where compaction is difficult or impossible. It allows controlled discharge into narrow openings, fully fills void space, including bottom cut pockets, and fully encloses and protects piping.
3. Frost/thawing resistance - High air content makes it frost/thawing resistant and provides excellent heat and sound insulation.
4. The load is dispersed and the settlement risk is negligible
5. Insulation properties - Can be used as a low-density insulator ironing plate
6. Lightweight concrete with high gas content
7. Highly mobile - Easy to place and finish due to a single process installation, requiring only dumping and leveling. Controlled placement rate to ensure applicable to any load characteristics.
Foam Concrete Application
Foam concrete is ideal for filling void Spaces such as abandoned fuel tanks, sewer systems, pipes, and culverts -- especially in hard-to-access areas. It is a recognized medium for repairing road ditches.
Unwanted voids: pipes, service pipes and shafts, sumps
Abandoned structures: culverts and subways, redundant sewers, cellars, and basements
Structural stability: abutment, tunnel stability, embankment
Insulation filler: a leveling layer of low-density insulators used to cover the site
What is the mix for foam concrete?
The foam concrete mixture itself is composed of fine sand, cement, water, and stabilized foam. A standard formula is 2 parts cement and 1 part fine, dry sand, and a foam generator.
How strong is concrete foam?
Foam-based concrete has a dry density of 400 to 1600 kg/m3 (25lb/FT3 to 100lb/FT3) and a 7-day strength of about 1 to 10 N/mm2 (145 to 1450 psi).
Concrete Additives Supplier
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According to Reuters, U.S. Treasury officials said they would discuss with G7 leaders pricing caps and tariffs on Russian oil as an alternative to the embargo, which would keep the market supplied, limit price spikes, and reduce Russian revenues.
The EU foreign ministers' meeting was held in Brussels. The meeting failed to agree on the sixth round of sanctions, including an oil embargo on Russia, because of objections from Hungary.
EU High Representative for Foreign Affairs and Security Policy said at a press conference after the meeting, that the meeting failed to reach an agreement on the final adoption of the sixth round of sanctions, the permanent representatives of member states to the EU will continue to discuss. The foreign ministers faced similar difficulties trying to reach an agreement on an oil ban. He said Hungary's position was based on economic rather than political concerns.
Hungary is highly dependent on Russia for energy, getting more than 60 percent of its oil and 85 percent of its natural gas from Russia.
A few days ago, the European Commission submitted the sixth round of proposed sanctions against Russia, including a total ban on Russian oil imports by the end of this year. Hungary immediately objected and said it wanted substantial compensation from the EU to offset its loss from giving up Russian oil.
The concrete foaming agent price is predicted to increase in the next few days, due to geopolitical factors.
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