HK Stock Market Move | DONGYUE GROUP (00189) rose more than 7% as the refrigerant market supply and demand are tight, with prices soaring by 30% to reach a new high in nearly ten years.

DONGYUE GROUP (00189) rose more than 7%, as of the time of writing, it increased by 7.65%, to 18.3 Hong Kong dollars, with a trading volume of 270 million Hong Kong dollars. On the news front, according to CCTV Finance, multiple downstream demand resonates, driving the refrigerant market to be tight in supply and demand, and the industry's prosperity continues to rise. The person in charge of a cold chain warehouse in Jinan, Shandong Province, told reporters that the comprehensive utilization rate of storage capacity has been maintained at over 90% recently, with close to full warehouse operation during peak periods. In addition, the rapid popularization of new energy vehicles in recent years has also opened up new demand space for refrigerants. Data shows that as of June 12, the market average prices of the refrigerants R32 commonly used in air conditioners and R134a commonly used in new energy vehicles have reached 62,500 yuan/ton and 59,727 yuan/ton, with year-on-year increases of 34.13% and 30.77%, respectively, reaching near-decade highs for the same period.