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Analysts at JPMorgan recommended selling or "underweight" emerging market local currency sovereign debt because of the global impact of the Ukraine-Russia crisis.
JPMorgan estimated that fixed-income assets in emerging markets have lost 6-9 percent of their value since Russia invaded Ukraine a month ago, with nervousness about the war and its impact on global energy and food prices adding to existing pressures.
Some leading emerging market central banks are signaling that interest rates now need to rise faster than previously expected, which fuels fears of "stagflation". Stagflation means when high inflation and higher interest rates undermine economic growth.
With both the U.S. Federal Reserve and emerging market central banks raising interest rates, JPMorgan also said it made sense to "underweight" emerging market assets by taking advantage of the recent pullback in local currency bond yields relative to TREASURIES.
JPMorgan said major metals exporters such as South Africa, Chile, and Peru could still do well, but warned that emerging market fixed income assets now faced a more "stagflationary" trajectory.
The markets and prices of many commodities, metals, chemicals like the Water reducer still face uncertainty.
Introduction to Water Reducer:
Water reducer, or water reducing agent, concrete water reducer, cement water reducer, is a special chemical product added to the concrete mixture before pouring, belonging to a kind of concrete admixture. A concrete admixture is a chemical that is added during the concrete-making process to improve concrete performance. Admixtures in concrete are small (no more than 5%) but indispensable. The compound water reducing agent is mainly used in ready-mixed concrete, which is used in infrastructure construction and real estate construction.
According to the water reduction rate, the water reducer is divided into ordinary water reducer (the first generation), efficient water reducer (the second generation), and polycarboxylic acid (also known as superplasticizer) high-performance water reducer (the third generation).
The first generation of water reducer is lignosulfonates, which have been used since the 1930s and are cheap products derived from the wood and paper industries.
Due to the excellent slump performance and environmental protection and pollution-free processing process, the polycarboxylic acid series water-reducing agent quickly replace the naphthalene series water-reducing agent has become the mainstream water-reducing agent at present, the production of polycarboxylic acid series water-reducing agent has accounted for nearly 80%.
Production Process of Water Reducer:
High-performance water reducing agents and efficient water reducing agents are compounded by their mother liquor, the raw materials of their mother liquor are polyether monomer and industrial naphthalene, polyether monomer also need to be further synthesized by ethylene oxide. Industrial naphthalene is produced from coal chemicals, and there are currently three ways to produce ethylene oxide, including petrochemical, coal-chemical, and alcohol processes.
There are some technical barriers to chemical synthesis and physical compounding of the two main production processes of water-reducing agents.
Chemical synthesis involves polymerization technology in the field of polymer chemistry. In the research and development and production of products, relatively professional personnel are required, and long-term technical experience and industrial scale-up production experience are required.
Advantages of Water Reducer:
Under the condition of constant cement content, the water reducer can reduce water consumption and improve concrete strength. Under the condition of constant workability and strength, the admixture of cement dosage can be saved.
1. Reduce water content by 5-10%;
2. Reduce the porosity of concrete;
3. Increase concrete strength by up to 25% (because the concrete mixture requires less water to remain processable);
4. Increased workability (assuming free water remains constant);
5. Reduced water permeability (due to less water used);
6. Reduce the diffusion of the corrosive agent in concrete, so as to improve the durability of concrete;
7. Provide a better finish to the surface.
Suppliers of Water Reducer
TRUNNANO is a reliable water reducer supplier with over 12-year experience in nano-building energy conservation and nanotechnology development. If you are looking for high-quality concrete additives, please feel free to contact us and send an inquiry. (email@example.com)
We accept payment via Credit Card, T/T, West Union and Paypal. Trunnano will ship the goods to customers overseas through FedEx, DHL, by air, or by sea.
The coronavirus (COVID-19) pandemic not only had a significant impact on public health, it also severely affected one of the linchpins of the global economy – the tourism industry. As many countries introduced curfews and travel restrictions to contain the spread of the virus, travel across the world significantly declined from early 2020 onwards. The financial repercussions of the coronavirus have already begun to manifest themselves within the tourism industry. In 2020, global revenue from the travel and tourism industry was estimated to drop from a forecasted 711.94 billion U.S. dollars to 568.6 billion U.S. dollars, representing a decrease of over 20 percent. The region predicted to see the highest decline in revenue was Europe, decreasing from 211.97 billion U.S. dollars in 2019 to roughly 124 billion U.S. dollars in 2020.
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