EPPEN Announces Maintenance Shutdown in China; Taurine Prices Likely to Increase in US
- 09-Jun-2023 2:44 PM
- Journalist: Nicholas Seifield
The price of Taurine is expected to increase in the USA in June 2023, backed by several factors, including increased demand, reduced supply, and rising costs.
Taurine is a popular ingredient in energy drinks, sports supplements, and pet food. Demand for Taurine has been increasing in recent years due to the growing popularity of these products. Also, China is a major producer of Taurine, and the USA imports a large amount of Taurine from China. However, the supply of Taurine has been reduced in recent months due to several factors. Firstly, the COVID-19 pandemic has disrupted the supply chain for Taurine, making it more difficult to get the raw materials needed to produce it. The government of China has imposed stricter regulations on the production of Taurine, which has made it more expensive to produce. This will likely lead to an increase in the prices of Taurine in the USA in June 2023.
The cost of producing Taurine has been rising in recent months due to several factors, including- the rising price of raw materials, such as Sulfuric Acid and Taurine precursors, the rising cost of energy, and the rising cost of labor.
The increase in Taurine prices is expected to impact consumer sentiment significantly. The increase in Taurine prices is a sign of the broader economic challenges that are facing consumers. The rising cost of living makes it difficult for many to make ends meet.
Furthermore, EPPEN announced on May 31, 2023, that its Heilongjiang and Inner Mongolia bases would be shut down for equipment maintenance in June and July 2023. EPPEN is a Chinese company that produces various products, including electronics, chemicals, and machinery. The company has several bases in China, including the Heilongjiang and Inner Mongolia bases. The company said that the shutdowns are necessary to ensure the safety and reliability of its operations. The Heilongjiang base will be shut down from June 1 to June 30, 2023. The Inner Mongolia base will be shut down from July 1 to July 31, 2023. The shutdown of EPPEN's Heilongjiang and Inner Mongolia bases is the latest disruption to the Chinese manufacturing sector. Several Chinese factories have been forced to shut down in recent months due to power outages, COVID-19 outbreaks, and other factors.
The disruptions to the Chinese manufacturing sector are having a ripple effect on the global economy. The shortages of goods and rising prices are putting pressure on businesses and consumers around the world.
According to ChemAnalyst, the prices of Taurine in both the Chinese and USA markets like to increase further in the upcoming months because of the disrupted supply chain and increasing consumer demand.
