HK Stock Market Move | DONGYUE GROUP (00189) rises more than 4% as mainstream production enterprise quotas inventory remain low, signaling a raise in domestic refrigerant prices.

DONGYUE GROUP (00189) rose more than 4%, with an increase of 4.09% to 8.4 Hong Kong dollars as of the time of reporting, with a trading volume of 45.5076 million Hong Kong dollars. Debang Securities released a research report stating that according to Baichuan Yingfu statistics, as of January 3, the prices of R22, R32, R125, and R134a were 33,000, 43,000, 42,000, and 42,500 yuan/ton respectively, with increases of +1.5%, +7.5%, +10.5%, and +9.0% compared to the previous month. In addition, mainstream air conditioning factory long-term orders for the first quarter of 2025 have been finalized, with prices of R32 and R410a at 39,800 and 40,800 yuan/ton, up by 6.1% and 11.8% respectively compared to the previous month, showing an upward trend. The bank continued to point out that due to factors such as insufficient production quotas at the end of the year, domestic refrigerant companies in December 2024 started production at a low level, with widespread large-scale shutdowns for maintenance, leading to low inventory levels of mainstream production companies and providing support for the rise in refrigerant prices. At the same time, a recent unexpected accident at an Indian GFL plant has led to a plant shutdown, which may further support the prices in the R32 export market.