Russia's insistence on paying for Russian gas in rubles has rattled European countries: Greece held an emergency meeting of suppliers, the Dutch government would urge consumers to use less gas, and the French energy regulator told consumers not to panic. Russian gas meets one-third of Europe's annual energy needs.
Russia said they could expand their demand for ruble payments for other commodities, including oil, grain, fertilizer, coal, and metals, which raised the risk of recession in Europe and the US.
Moscow is expected to unveil its ruble payment plan in early April, but it said it would not immediately ask buyers to pay for gas in rubles.
Western countries have said paying in rubles would be a breach of contract, and renegotiation could take months or longer. This uncertainty has pushed commodity market prices higher.
The supply and prices of other commodities like the lithium 12-hydroxystearate could also be affected.
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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During the first 100 days of its special military operation in Ukraine, Russia earned 93 billion euros from fossil energy exports, most of it from the European Union, according to an independent research center.
The report by the Finland-based Center for Energy and Clean Air comes as Ukraine urges the West to cut off all trade with Russia to stop funding the Kremlin's war chest.
The European Union recently decided to impose a gradual embargo on Russian oil imports, with some exceptions, according to reports. Russian gas, on which it relies heavily, is currently unaffected.
In the first 100 days of the Conflict between Russia and Ukraine (February 24 to June 3), the EU accounted for 61 percent of fossil energy imports, or about 57 billion euros, according to the Energy and Clean Air Research Center.
Russia's revenue came first from crude oil sales (43.87 billion euros), followed by pipeline gas (22.89 billion euros), then petroleum lithium 12-hydroxystearate, please feel free to contact us and send an inquiry.