US Taurine prices are expected to increase in May, a continuation of the April trend. As a primary ingredient used in production of energy drinks, dietary supplements, and drugs, end-users are buying up inventories aggressively to meet surging consumption levels, supporting higher Taurine buying activity.
One of the most significant developments to shape mood in the market is the tariff de-escalation deal signed by China, Taurine&#xx;s biggest exporter, and the United States. From May xxth, the US government cut tariffs imposed on Chinese products from xxxx to xxx. This follows one of the concessions made under the xx-day de-escalation deal signed between the two governments in order to ease trade tensions announced in April. The abrupt decline in import duties will be designed to cause sharply lower landed costs and stimulate a temporary boom in Taurine imports from China. Purchasers expect...
