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 foam concrete still face uncertainty.
The common problems of foamed concrete are bubbling, cracking, collapse, shrinkage, and other phenomena. To treat these phenomena, the proper medicine can be found, and the cause can be effectively solved.
The main reason for the collapse of foamed cement is that the cement solidification speed is too slow. We can solve this situation from the following aspects
1. Add accelerator to improve the setting time of foamed cement
Accelerators are used in more and more concrete applications. Foamed cement has high requirements for accelerators. It is not just a fast setting but also needs to be adapted to the performance of foamed cement, and accelerators cannot be added. After affecting the foaming situation.
2 Add an early strength agent to improve the early strength of foamed cement and reduce the stress generated during the exothermic process of cement hydration. Only when these two forces are balanced can it be ensured that the foamed cement will not crack and collapse in the later stage.
3. An appropriate amount of sulfoaluminate cement can be added, which many manufacturers choose to use in winter, and the cost performance is still relatively high. However, this amount of addition should also be paid attention to. It should not be added blindly. After many customers add sulfoaluminate cement, the finished product becomes very brittle in the later stage, without toughness, low strength, and severe pulverization. So we still have to adjust according to the current situation.
4 The water-cement ratio is not suitable. Collapse, retraction, bleeding, insufficient strength. To a large extent, it has something to do with the inappropriate water-cement balance. The adjustment of the water-cement ratio is a technical activity that requires trial and error. It has a lot to do with the cement of foamed cement and the fly ash aggregate, and it needs to be practiced repeatedly according to the actual situation. In this, we can add a plasticizer to adjust the water-cement ratio. This effect is very immediate.
The above contents are some solutions summed up by Tongrun according to the reasons for the collapse of foamed cement. If you encounter other problems or reasonable solutions in the actual process, you are also welcome to communicate us.
COVID-19 has led to many sites shutting down. What is the impact on China's foreign trade enterprises as a whole and small, medium and micro foreign trade enterprises?
. It is learned that some foreign trade enterprises have been affected by the epidemic and are facing periodic problems in foam concrete operated by foreign trade enterprises will also fluctuate with the changes of the epidemic. Contact us for the latest quotation on foam concrete.
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