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 92 white cement still face uncertainty.

TR02 92whiteness 525 grade white cement

TR02 525 white cement is a green and environmentally friendly product with high strength and no radioactivity in the early stage. The product has high whiteness, high strength, low alkalinity, good stability, and bright and bright color.

Specification name	Product performance			GB/T2015-2017 standard
Strength	1day	3days	28 days	3days	28days
Flexural strength, Mpa	5.0	6.5	9.0	4	7.0
Compressive strength, Mpa	25.0	40.0	60.0	2.0	52.5
Particel 45um, %	≤3.0			≤30
Setting time First set	150 minutes			Not less than 45 minutes
Setting time Final set	180 minutes			Not less than 1 0hours
Whiteness (Hunter values)	≥92			≥89.0

The main application:

This product is the material of choice for high-end inorganic artificial stone and high-end GRC products; its whiteness is extremely high, which can improve the problem of insufficient whiteness of inorganic artificial stone, reduce the use of titanium dioxide, and thus reduce production costs.

Packing specification:

40kg, 50kg paper-plastic composite bag/1200kg ton bag

store:

Store in a dry, ventilated and cool place, and do a good job of preventing moisture. It is best to isolate the cement from the ground with a pallet.

Grade: TR02 525
Particle(Specific surface area):420m2/kg
Bulk density: 1300kg/m3
Density: 3100kg/m3
Standard consistency: 27%
First setting time: 150minutes

The current international situation is highly uncertain, and its economic impact has not been able to be assessed properly. In addition, rising energy and commodity prices and supply chain disruptions are expected to push the price of the 92 white cement higher.

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