On June 5, Dongyue Group fell 5.14% in regular trading, trading at 16.82 HKD/share, with trading volume of 115 million HKD. The decline follows a streak of strong gains earlier in the week, during which the stock surged over 7% on multiple sessions.

The pullback comes after an extended rally driven by the US and UK announcing postponements of HFCs (third-generation refrigerant) phase-down quota reduction plans, which extended the usage timeline for hydrofluorocarbons. Global HFCs production capacity is highly concentrated in China, where domestic quotas stand at only 797,800 tonnes with nearly zero supply growth. The combination of extended overseas demand and rising domestic refrigerant prices had fueled expectations of a global refrigerant restocking cycle. Meanwhile, PTFE price hikes and potential applications in high-end CCL materials under Nvidias Rubin architecture provided additional catalysts. The stock had accumulated significant year-to-date gains prior to todays retreat.

Within the Specialty Chemicals sector, stocks broadly weakened, with Ganfeng Lithium down 3.3%, Tianqi Lithium down 3.58%, Huabao International down 1.31%, Tsaker New Energy flat, and China Boton up 1.6%.

(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.)