Changes in Hong Kong stocks | Dongyue Group (00189) is now up more than 4%. Refrigerant exports in October reversed markedly, agencies say the industry may be preparing for a new round of gains

The Zhitong Finance App learned that Dongyue Group (00189) is now up more than 4%. As of press release, it has risen 4.41% to HK$6.63, with a turnover of HK$254.43 million.

According to data from the General Administration of Customs, in October, China's total exports of HFCs single refrigerants were about 27,300 tons, up 25.2% year on year; total exports were about 751 million yuan, up 50.4% year on year. China's total export volume of HFCs mixed refrigerants was about 16,432 tons, up 18.4% year on year; total export volume was about 489 million yuan, up 47.7% year on year. The refrigerant export market quickly reversed in October, and future market predictions may continue to exceed expectations.

At the same time, the bank pointed out that according to online tracking by Fluorine Services, the December factory maintenance plan is clear. The schedule for air conditioners will continue to increase in December, and the quota is expected to show a phased shortage of supply. The current factory refrigerant inventory is significantly lower than the end of 2023. The tight trend in December is obvious, and a new round of increase in 2025 is being prepared under low inventories. According to reports, the refrigerant division of Dongyue Group is engaged in the production and sale of refrigerant products, including products such as R22, R32, R125, and R134a. Among them, R22 has the highest production capacity in the world.