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 concrete water reducer still face uncertainty.
Where Can the Water Reducer be Applied?
The concrete water reducer is suitable for the pumping or normal concrete engineering with a strength grade of C15 to C60 or above. It is especially suitable for concrete projects with high durability, high flow state, high slump protection, high strength, and high appearance quality requirements. It is very beneficial to the preparation of high fluidity concrete, self-compacting concrete, and plain-faced concrete.
Ordinary water-reducing agents should be used for daily minimum temperature above 5℃ construction of concrete. High efficient water-reducing agents are suitable for daily minimum temperature above 0℃ construction of concrete, and suitable for the preparation of large fluidity concrete, high strength concrete, and steam curing concrete.
How to Use the Water Reducer?
Polycarboxylate High-performance Water Reducer:
1, The dosage is 0.5%~2.0% of the total weight of the cementitious material, and the commonly used dosage is 0.2% ~ 0.5%. The concrete test should be carried out before use in order to optimize the dosage;
2, It cannot be used with the naphthalene system high-efficient water reducing agent compound, and other admixtures should also be used in advance of concrete compatibility experiment;
3, Water consumption must be strictly controlled when using, because it affects slump.
4, Pay attention to concrete surface maintenance.
Naphthalene Series High-efficient Water Reducer:
1, Dosage range: powder: 0.75%-1.5%; liquid: 1.5 to 2.5%.
2, When using porous aggregate water should first be added and stirred, and then water reducer is added.
3, When the slump is large, the vibration time should not be too long, so that bleeding and stratification could be prevented.
HSB Aliphatic Superplasticizer
1. Find out the best dosage through experiments. The recommended dosage is 1.5-2%;
2, Add HSB and water together into concrete.
3. Due to the high water-reduction rate of HSB, a layer of yellow slurry will be secreted on the surface of the concrete before the initial setting, which is a normal phenomenon. Finished concrete slurry wipe light, the color will be eliminated, or in concrete strength, the color will naturally eliminate, watering and maintenance color will be eliminated faster. It does not affect the inner and surface performance of concrete.
Suppliers of Concrete Additives
The water reducer with stable quality should be selected. There should be good compatibility between water reducing agent and cement and admixture. When a variety of admixtures with different functions are used in combination, there should be good adaptability between admixtures and between admixtures and cement.
TRUNNANO is a reliable concrete additives supplier with over 12-year experience in nano-building energy conservation and nanotechnology development.
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Because of the conflict between Russia and Ukraine, there is a shortage of natural gas supply. At the same time, other renewable energy sources cannot produce enough electricity, so electricity prices have soared in many countries of the world. For this reason, I assume the supply and prices of the concrete water reducer would keep being influenced by the high energy prices.
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