Welcome to the June issue of Sorbitol China News
In terms of company performance, Huakang Pharma held a performance briefing to give an update on its business conditions and its project.
As for company dynamics, Perfect's subsidiary successfully bid for a 1.59% stake in Weimeizi; Northeast Pharm received the CEP certificate for its vitamin C API.
Regarding downstream sectors, Luwei Pharmaceutical plans to shut down the vitamin C production line for the 4-month maintenance starting on 15 June.
In the export market, China exported 19,633.33 tonnes of sorbitol (down 3.30% MoM) valued at USD14,053,778 (down 6.46% MoM) to 65 countries and regions in May.
In this monthly report, the USD/CNY exchange rate is USD1.00=CNY7.1086 (Source: The People's Bank of China, 3 June, 2024). Unless otherwise stated, all prices involved in this report include VAT.
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