Recently, the International Energy Agency released its monthly report on the oil market. Affected by hot weather and soaring natural gas prices, some countries have had to change their ways of generating electricity and switch to oil-fired power generation, according to the report. At the same time, European industries, including oil refining, are also switching to fuel, so global oil demand this year will grow faster than previously forecast. The International Energy Agency expects global oil demand to be 99.7 million barrels a day in 2022. The IEA also said international oil prices had fallen to $30 a barrel from a peak in June due to increased oil supplies and heightened concerns about a deteriorating economic outlook.
Recently, Turkey and Russia have reached an agreement in principle to use rubles to pay for part of Russian natural gas, and the time and price of gas supply will be determined in the near future, Turkey's Minister of Energy and Natural Resources said. At the same time, the two sides are discussing the possibility of using the Turkish lira to cover part of the transit transport costs. On the 5th of this month, the presidents of Russia and Turkey held a meeting in Sochi. The two sides agreed that the two countries would start using rubles to settle part of Russia's natural gas supplies to Turkey.
Because of the turbulent international situation, the supply and prices of many international bulk lithium 12-hydroxystearate are still very uncertain.
What is Lithium 12-hydroxystearate?
Lithium 12-hydroxystearate chemical formula is C18H35LiO3. Lithium 12-hydroxystearate is a compound that is classified as lithium soap. In chemistry, "soap" refers to salts of fatty acids. Lithium 12-hydroxystearate is a white solid.
Lithium soap is a key ingredient in many greases. Lithium 12-hydroxystearate has been widely considered as the preferred fatty acid for the manufacture of lithium-based grease thickeners. Greases prepared with this acid are usually smooth and have a butter-like texture.
What is Lithium 12-hydroxystearate Used for?
Lithium 12-hydroxystearate is used as a thickener and gelling agent in lubricating grease.
Lithium 12-hydroxystearate has high oxidation stability with a drop point of about 200 °C. At present, most greases used in motor vehicles, aircraft and heavy machinery contain lithium stearate, mainly lithium 12-hydroxystearate. Some greases are made of sodium, barium, lithium and calcium soaps. Lithium soap-based grease is favored because of its water resistance, oxidation stability and mechanical stability. According to the difference of grease, they also have good performance at high or low temperature.
How to produce Lithium 12-hydroxystearate?
In order to produce lithium 12-hydroxystearate, lithium hydroxide and fatty acids are combined in an aqueous medium. Through strong stirring, diluted lithium hydroxide monohydrate is gradually added to fatty acid dispersions heated to water slightly below the boiling point. Because these lithium soaps are difficult to filter, they are collected by spray drying. In terms of application, lithium 12-hydroxystearate is usually dispersed in synthetic oils such as silicone oil and ester oil. Synthetic oils are favored because of their higher stability and performance at extreme temperatures.
12-hydroxystearic acid is obtained by hydrogenation of castor oil. After most of the primary reactions of double bond saturation, the dehydration and reduction of hydroxyl groups lead to stearic acid. Hydrogenated castor oil produces a mixture of 12-hydroxy stearic acid and stearic acid.
Lithium 12-hydroxystearate Price
The price is influenced by many factors including the supply and demand in the market, industry trends, economic activity, market sentiment, and unexpected events.
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Lithium 12-hydroxystearate Supplier
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Chile's government has decided to create a state-owned lithium enterprise and hopes to establish a model for the company by the end of the year, Mining Minister Marcela Hernando said in an interview.
Chile is the world's second largest lithium producer and has the largest reserves of lithium in the world. The domestic lithium industry is currently dominated by two private companies, Albemarle and SQM.
Chile wants to participate more closely in the booming lithium market after leftist President Gabriel Boric took office in March. The accelerating electrification of the global auto industry has helped push prices of lithium, a key raw material for electric car batteries, to record highs over the past year, lapping up more players, including Mexico and Argentina, who want a piece of the market.
According to Hernando, the government is setting up a task force to determine the best way to run state-owned lithium enterprises. She said the government hopes to establish plans by the end of the year for how the company will develop and what business model it will operate under.
Hernando stressed that while the state would be a major shareholder in the proposed company, it was open to private investment.
Luoyang Tongrun Nano Technology (TRUNNANO) is a global chemical material supplier providing high-quality chemicals and Nanomaterials including graphite powder, 3D printing powder, the lithium 12-hydroxystearate.
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