HK Stock Market Move | DONGYUE GROUP (00189) opens nearly 8% higher and the UK and the US have successively announced the extension of the use period of HFCs.

DONGYUE GROUP (00189) opens nearly 8% higher, as of the time of publication, up 7.72% to HK$14.65, with a turnover of HK$297.542 million. On the news front, on May 21, the U.S. EPA officially signed and released the final rule for the transition of the AIMAct technology, which significantly relaxes the GWP limits of multiple core sub-industries and substantially extends the legal lifespan of third-generation refrigerants in the United States. In addition, the UK Department for Environment, Food and Rural Affairs announced the postponement of its proposed gradual reduction of fluorinated gases. Huatai believes that the extension of overseas use will provide more favorable support for the demand for HFCs, and due to the fact that the global HFC production capacity is mainly concentrated in China, Chinese refrigerant producers are expected to benefit fully from limited overseas supply. Guosen, on the other hand, points out that domestic refrigerant prices continue to rise, and the industry's prosperity continues.