On May 29, Dongyue Group fell 5.26% in regular trading, trading at HK$17.21/share, with trading volume of HK$366 million. The decline comes after the stock accumulated nearly 60% in gains year-to-date, driven by favorable policy developments and product price increases.
The recent rally was fueled by multiple catalysts: the US EPA formally extended the legal usage period of third-generation HFC refrigerants by relaxing GWP limits, while the UK also announced delays to its proposed fluorinated gas phase-down steps. Additionally, PTFE materials saw broad-based price hikes, with high-end PTFE applications in PCB manufacturing benefiting from AI-related demand. Given the stock surged over 40% in just two trading sessions last week, the current decline appears to reflect profit-taking pressure following the sharp run-up.
Within the Specialty Chemicals sector, performance was mixed, with Ganfeng Lithium down 1.71%, Tianqi Lithium down 1.89%, Huabao International up 2.79%, Global New Material up 0.71%, and Tsaker New Energy up 0.87%.
(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.)
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