Following the progress in Russia-Ukraine peace talks, the gold price fell more than 1% the next day, hitting its lowest in a month, and palladium prices briefly tumbled by nearly 9%.
"We have seen metal prices going into free fall when the Russia-Ukraine situation is likely to see a major detente, which spurred people's risk preference and optimism that the war could end at a time," said OANDA senior market analyst.
A Russian deputy defense minister says Moscow has decided to sharply curtail its military activities around Kyiv and Chernikov in Ukraine, following talks between Russian and Ukrainian representatives in Istanbul.
Where the prices of metals, natural gas, and commodities like the Nitinol Alloy will go in the future, is still very uncertain.
What is Nitinol?
The tensile strength of Nitinol can reach 1000 MPa. That is to say, it takes more than 100 dry grams of force per square millimeter to break it, which is stronger than ordinary steel, and also has good "memory" performance and corrosion resistance.
Nitinol contains 50% nickel and 50% titanium, that is, the components of nickel and titanium are equally divided, each accounting for half. The temperature range of its shape memory can be adjusted by controlling the composition. In general, the higher the nickel content of Nitinol, the lower the operating temperature. When the nickel content is 55% and the titanium content is 45%, the memory alloy can work at room temperature.
People have used this feature of memory alloys to make pearl necklaces and bracelets made of memory alloy wires, as well as bras woven with memory alloy wires. When these decorations and health care products are worn on the body, they will restore their original curvature and stiffness under the action of human body temperature, thus playing a role in decoration and health care. In addition, the orthodontic wire can also be made of Nitinol alloy, which can use the temperature of the human mouth to correct the deformed teeth.
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China's non-manufacturing purchasing managers index for March was released by the China Federation of Logistics and Purchasing and the Service Industry Survey Center of the National Bureau of Statistics today. An index of business activity for the non-manufacturing sector as a whole fell below 50 percent.
China's non-manufacturing business activity index was 48.4%, down 3.2 percentage points from the previous month. The new orders index was 45.7 percent, down 1.9 percentage points from the previous month, indicating a significant slowdown in the growth of supply and demand in the non-manufacturing sector from the previous month. In terms of sectors, the business activity index and new order index of transportation, accommodation and catering, culture, sports and entertainment, and tourism-related industries all declined significantly from the previous month.
Then the Nitinol Alloy of the market may be affected by significant changes, the price will also be volatile, if you want to know the latest news of the Nitinol Alloy, welcome to contact us.
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