On August 13, DONGYUE GROUP fell 5.29% in regular trading, trading at HKD 13.03/share, with turnover of HKD 460 million. The decline came as the stock pulled back sharply following the previous session's over 8% surge.
The prior rally was driven by domestic refrigerant prices reaching near-10-year highs for core products R32 and R134a, with the market showing a pattern of high-level stabilization and rising long-term contract prices. Multiple brokerages had issued bullish reports citing tight supply-demand dynamics, with institutional estimates projecting widening R32 domestic demand shortfalls through 2028 due to rigid quota constraints and low inventories.
On August 13, the broader Specialty Chemicals sector showed widespread weakness, with GANFENGLITHIUM down 2.9%, TIANQI LITHIUM down 3.38%, HUABAO INTL down 3.24%, and SANVO CHEMICALS down 0.84%, suggesting broad-based profit-taking pressure across the sector after recent gains.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)