At the 6th Asia-Europe Finance Ministers' Meeting held in Tianjin on June 26, how to deal with the challenges posed by rising oil prices to the sustainable development of the global economy has become the focus of discussion.

On the eve of this meeting, crude oil futures prices delivered on the New York Mercantile Exchange in July reached a record high on June 20, approaching US$60 per barrel. For many countries, the oil price of $60 a barrel is already an astronomical figure. According to analysis by the participating finance ministers, there are two main reasons for the recent rise in oil prices: First, investors are worried that the global refining capacity in the second half of the year will not be able to meet the strong market demand; second, the largest production in Africa in mid-June. The abduction of six oil workers in the oil-producing country of Nigeria has also contributed to the rise in oil prices.

At the meeting, finance ministers formed a basic consensus on rising oil prices. First of all, to ensure oil security as the core, actively explore new oil supply bases; Secondly, it should establish and strengthen strategic oil reserves; Third, actively develop new energy, reduce oil consumption, and vigorously promote the use of clean energy. The economic and monetary officials of Ireland, Austria, France, South Korea and the European Commission actively called for the establishment of appropriate energy protection mechanisms. They proposed that energy imports should be diversified, and that they should not be over-reliant on a certain country, nor should they rely too much on coal in terms of energy structure. For oil, the proportion of natural gas and nuclear energy should be increased. In addition, the finance ministers believe that as the automobile society comes, the proportion of oil in the energy structure of developing countries will increase. The international community must strengthen alternative research and accelerate the storage of technologies such as batteries and natural gas vehicles while increasing oil reserves. When crude oil prices rise to a certain extent, these alternative technologies will play a role.

Auxiliary Agent

Auxiliary agents, also known as additives, are substances that are added to a material to improve or modify its properties. In the field of polymers, auxiliary agents are commonly used to enhance the processing, performance, and durability of polymer materials.

There are several types of auxiliary agents, each with its own unique properties and applications. The most common type is processing aids, which are added to polymer materials to improve their flow and moldability during processing. Processing aids can improve the surface finish of the final product and reduce the amount of energy required during processing.

Another type of auxiliary agent is plasticizers, which are added to polymer materials to increase their flexibility and reduce their brittleness. Plasticizers can improve the toughness and impact resistance of the final product and are commonly used in the production of flexible PVC products, such as hoses and films.

Other types of auxiliary agents include stabilizers, which are added to polymer materials to protect them from degradation caused by heat, light, or chemical exposure. Stabilizers can improve the durability and longevity of the final product and are commonly used in outdoor applications, such as building materials and automotive parts.

Colorants, fillers, and flame retardants are also common types of auxiliary agents. Colorants are added to polymer materials to give them a specific color, while fillers are added to improve the mechanical properties of the final product, such as its strength and stiffness. Flame retardants are added to polymer materials to reduce the risk of fire and are commonly used in applications where fire safety is critical, such as building materials and electronics.

The choice of auxiliary agent depends on the specific application requirements and must be carefully considered to ensure that the final product meets the desired specifications. It is important to select the appropriate auxiliary agent to achieve the desired performance, processing, and durability characteristics of the polymer material.

In summary, auxiliary agents play an important role in the processing, performance, and durability of polymer materials. There are several types of auxiliary agents, each with its own unique properties and applications, and the choice of auxiliary agent depends on the specific application requirements.

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