The market prices of vitamins, though generally staying at a low level, fluctuated in March 2023. Some vitamins saw price rise, while others fell in price. Because Royal DSM N.V. restored operation of its production base, the vitamin A price was suppressed. Owing to the rise in raw material price, major vitamin B9 producers stopped receiving sales orders or giving price quotations; resultantly, VB9 price rebounded in March, after the steep declines in previous months.
The Department of Food Safety Standards, Risk Surveillance and Assessment of National Health Commission of the People's Republic of China announced that 28 products belonging to "three kinds of new food products" (new food ingredients, new food-related products, and new food additives) had passed the safety evaluation. Among them, vitamin E is listed in the "food additives with expanded application scope".
Shandong Wit Dyne Health Co., Ltd. issued the annual performance report for 2022. Revenue from its pharmaceutical products segment was all contributed by its subsidiary, Shandong Dyne Marine Biopharmaceutical Co., Ltd. (Dyne Biopharma). Dyne Biopharma's financial metrics for 2022 hit new high.
News about several projects has been reported, including: Ningxia Tianxin Pharmaceutical Co., Ltd.'s "fine chemicals project of γ-Butyrolactone (GBL) and tocopheryl acetate", Shandong Hongda Biotechnology Co., Ltd.'s "10,000 t/a nicotinamide production device technical renovation project", Dafeng Hegno Pharmaceuticals Co., Ltd.'s biotin powder and VD3 powder project, Heilongjiang Zhonglang Biotechnology Co., Ltd.'s refined folic acid project, Sichuan Bohaoda Biotechnology Co., Ltd.'s "10,000 t/a inositol production line project", and Yikelai (Taizhou) Pharmaceutical Co., Ltd.'s β-Nicotinamide mononucleotide (NMN) and other products technical renovation project.
The USD/CNY exchange rate in this Report is USD1.00=RMB6.9400, which was sourced from the People's Bank of China on 1 March, 2023. All the prices mentioned in this Report will include the VAT, unless otherwise specified.

