HK Stock Market Move | DONGYUE GROUP (00189) rises by more than 5% as refrigerant prices increase, with the company optimistic about the continued strength of its product demand.

DONGYUE GROUP (00189) rose more than 5%, at the time of publication, it rose 5.02%, to 9.41 Hong Kong dollars, with a turnover of 72.1861 million Hong Kong dollars. On the news front, according to Bai Chuan Ying Fu, in February, the average market price of R22 was 33,388.89 yuan/ton, up 1.18% month-on-month; the price of R134a was 44,444.44 yuan/ton, up 1.56% month-on-month; the price of R125 was 43,166.67 yuan/ton, up 0.76% month-on-month; the price of R32 was 43,666.67 yuan/ton, up 0.50% month-on-month; the price of R410a was 43,388.89 yuan/ton, up 1.15% month-on-month. Guosen pointed out that the tightening of refrigerant quotas is a long-term trend, in this context, it is optimistic that the prosperity of second and third generation refrigerants such as R22 and R32 will continue, and prices still have a great potential for long-term increase; corresponding leading enterprises in the quota of second and third generation refrigerants are expected to maintain a long-term high level of profitability.