The Zhitong Finance App learned that Dongyue Group (00189) rose more than 4% in the intraday period. As of press release, it had risen 3.43% to HK$6.34, with a turnover of HK$337.971 million.

According to the news, prices in the domestic refrigerant market continued to rise at a high level in the first quarter. According to data from Zhuochuang News, the average price of refrigerant R32 in the East China market in the first quarter was 2,2583 yuan/ton, up 5,791 yuan/ton from month to month, up 34%, and 61% year on year. According to Zhuochuang News, May is still in the peak production season for terminal air conditioners, and demand support for R32 and R410A is still strong.

CICC pointed out earlier that looking at the future market, the 2025 quota reduction period is approaching, R22 prices are expected to rise, R32 downstream air conditioning plants are expected to exceed market expectations, export air conditioners are entering the preparation period, air conditioning companies are actively taking goods, and the prices of second-generation and third-generation refrigerants are expected to resonate. As a leading refrigerant company, the company is expected to significantly benefit from the increase in refrigerant prices.