Dongyue Group (00189) rose more than 5% in early trading, rising more than 44% during the month. As of press release, it had risen 5.15% to HK$10, with a turnover of HK$163 million.
The Zhitong Finance App learned that Dongyue Group (00189) rose more than 5% in early trading, rising more than 44% during the month. As of press release, it had risen 5.15% to HK$10, with a turnover of HK$163 million.
Huaan Securities believes that starting in 2024, the supply of third-generation refrigerants will enter the “quotation+continuous reduction” stage. However, second-generation refrigerants are being cut at an accelerated pace, and the price of fourth-generation refrigerants remains high due to patent issues, making it difficult to replace them, and the refrigerant supply side continues to shrink. At the same time, with the development of the heat pump and cold chain market and the continuous expansion of the air conditioner stock market, combined with factors such as the expansion of refrigerant demand in Southeast Asian countries, the demand side maintained steady growth. In the future, the gap between supply and demand in the refrigerant market will continue to expand, refrigerant prices will rise steadily, and companies with a higher share of quotas will fully benefit.
Huachuang Securities pointed out earlier that according to the quota usage results we are currently monitoring, the R32 and R125 quotas were generally overused in January-April, which means that the quota may face a tense situation in the second half of the year. We determine that the pattern of price changes during the off-peak season may change. If quotas are used too fast during the peak season, prices may rise further during the off-season due to insufficient quotas.