HK Stock Market Move | In the early trading session, DONGYUE GROUP(00189) increased by more than 4%, with E Fund's holding ratio exceeding 6%. The supply of refrigerants in the market continues to be tight.

DONGYUE GROUP (00189) rose more than 4% in the morning session, and as of the time of writing, it is up 2.8% to 6.62 Hong Kong dollars with a trading volume of 23.7512 million Hong Kong dollars. In terms of news, according to documents disclosed by the Hong Kong Stock Exchange, on November 11, E Fund Management Co., Ltd. increased its holdings of 2.877 million H-shares of DONGYUE GROUP, with a value of approximately 19.2046 million Hong Kong dollars. After the increase, E Fund Management Co., Ltd.'s latest shareholding number is 106 million shares, and the shareholding ratio has increased from 5.97% to 6.13%. Pacific Securities pointed out that due to the impact of the temperature, fluorspar production is restricted, overall supply is tightening, hydrofluoric acid prices are firm, dichloromethane prices are rising weakly, trichloroethylene prices are stable, and refrigerant costs are fluctuating within limits. With limited remaining quotas at the end of the year, good demand in foreign trade, the market supply continues to be tight. Shenwan Hongyuan Group also mentioned that under the framework of international conventions, the long-term logic of refrigerants still exists, policies are aimed at anchoring supply and demand rather than prices, the industry trend is positive, and it is optimistic about the resonance of domestic and international refrigerant prices.