Additive scandal poisons liquor stocks (2)

Stocks of liquor companies on Monday witnessed a major slump, with several of them reaching their daily limit of 10 percent. However, some of the liquor stocks began to rebound on Tuesday. Stocks of high-end liquor producer Kweichow Moutai gained 0.89 percent Tuesday.

The China Alcoholic Drinks Association claimed late Monday that though most domestic liquor products contain plasticizers, the amount they contain is certainly below food industry standards.

The industry association said that the plasticizer found in liquor is mainly caused by the use of plastic in the liquor production process, while the fermenting process of the liquor itself does not generate plasticizer.

Fan Zhen, a senior official at Jiugui Liquor, has raised doubts over the methods used by the company which conducted the test and said he is also uncertain whether the liquor that was tested was produced by Jiugui, according to a report from stcn.com, a news portal under the Securities Times.

The company has already sent some samples of its products to authorized test agencies, said the report.

The report on 21cbh.com said that the test was conducted by third-party quality tester Intertek.