It is possible that the auction of undeveloped gas fields in Indonesia will have an impact on the market for alloy steel investment casting

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Market trend of ceramic sand alloy steel investment casting

The global market sales of foundry ceramic sand reached US $180 million in 2021 and are expected to reach US $270 million in 2028, with an annual compound growth rate (CAGR) of 5.4% (2022-2028).

The main alloy steel investment casting global foundry ceramic sand manufacturers are CARBO Ceramics, Itochu Ceratech, Luoyang Kailin casting materials, King Kong New Materials, Sanmenxia strong Core Foundry Materials Co., Ltd., the top five global foundry ceramic sand manufacturers occupy more than 74% market share.

At present, Asia-Pacific is the world's largest market for foundry ceramic sand, accounting for about 53% of the market share, followed by Europe and North America, with a combined share of nearly 40%.

This report studies the production alloy steel investment casting capacity, output, sales volume, sales volume, price and future trend of foundry ceramic sand in the global and Chinese markets.

This paper focuses on the product characteristics, product specifications, price, sales volume, sales revenue and market share of the major manufacturers in the global and Chinese markets.

The historical data are from 2017 to 2021 and the forecast data alloy steel investment casting are from 2022 to 2028.

Indonesia may auction off untapped gas fields

The Indian government is studying a second auction of the giant gas field in the East Natuna Islands, according to a statement by Arifin Tasrif, Indonesia's Minister of Energy and Mineral Resources, quoted by foreign media on December 1.

With a record-breaking 222 trillion cubic feet of reserves, the field is the largest untapped gas field in Southeast Asia. The field is also extremely high in carbon dioxide, at more than 70 percent, making it difficult to exploit.

Mr. Tasrieff noted that many companies now have the technology to take advantage of the field's high carbon dioxide levels.

"Now that this carbon, which was previously a barrier to extraction, is fully available, we are once again talking about auctioning the field," Tasriff said.

If the giant gas field in the East Natuna Islands is developed, the size of the resource will have a huge impact on the gas market in Indonesia and the Asia-Pacific region, Mr Tasrief added.

The gas field was discovered in 1973 and Pertamina, Indonesia's state-run oil company, and ExxonMobil of the United States created a joint venture to exploit the field, but failed to do so due to high carbon dioxide levels. The Indonesian government re-signed the contract with ExxonMobil in 1995, but cancelled it in 2007.

What is ceramic sand? The alloy steel investment casting introduction

Ceramic sand is mainly processed by zirconia and is widely used in the "polishing strengthening" of aviation, ship, automobile, machinery and other metal parts; the "sandblasting finishing" of metal, plastic and other workpieces; the "cleaning and polishing" of the inner and outer walls of steel pipes and copper pipes; the "vibration polishing" of precious metal jewelry and small metal parts; and the "grinding and dispersion" of liquid and solid materials in chemical, pharmaceutical, food and other industries.

The unique alloy steel investment casting physical and chemical properties of ceramic sand make it play an important role in aviation, aerospace, electronics, machinery and the rapidly developing IT industry, especially its internal molecular chain structure, crystal form and lattice change law, so that it has high temperature resistance, low coefficient of thermal expansion, high insulation, corrosion resistance, piezoelectric effect, resonance effect and unique optical properties.

Price trend of ceramic sand -alloy steel investment casting price

Under the influence of alloy steel investment casting the Fed's interest rate hike, commodity pressure has increased, while the downward volatility of international crude oil at the cost side and weak support on the demand side are also key factors dragging down the fall in chemicals. In August, the demand stimulus policy has been further strengthened, and the demand for some raw materials is expected to improve. The high supporting factors of global energy prices remain under the impact of the superimposed supply chain, and the decline in the chemical market is expected to narrow gradually in August.

First, under the global alloy steel investment casting tightening policy, the downward pressure on chemicals has increased. Affected by the increase in interest rates by the Federal Reserve, people in the industry are generally more worried about the economic recession. under the guidance of market pessimism, the external quotations of most chemical products have been continuously lowered.

Second, raw materials such as international oil prices have fallen sharply, weakening the cost support for chemicals and dragging down the market atmosphere at the same time. Take crude oil as an example, alloy steel investment casting the oil price showed an resistant decline during the month, although the supply side was still limited to support the fundamentals of oil prices, but the European Central Bank followed the Federal Reserve to raise interest rates aggressively, and the macro pressure did not abate. during the month, the fall in oil prices weakened support for the cost side of chemicals.

Third, supply is strong and demand is weak, and the impact on the supply and demand side is gradually strengthened. The supply side is generally loose. On the one hand, the gradual release of new production capacity has increased the supply of some chemicals.

On the other hand, since the second quarter, non-market factors have suddenly occurred and economic growth at home and abroad has slowed down. Sales of most chemicals are not smooth and inventory continues to accumulate. The demand side recovers slowly, and the consumption of chemicals increases slowly. Under the care of the alloy steel investment casting demand stimulus policy, the terminal industry has gradually recovered, superimposed various stable growth policies have been gradually strengthened, and the overall performance of the demand side is cautious and optimistic, but the growth of real demand still needs a certain period of time. Overall, the demand side still has a negative impact on the price of chemical products.

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