DONGYUE GROUP (00189) climbed nearly 6%, reaching HK$14.09 by the latest update, with a trading volume of HK$302 million. Industry reports indicate that as plants resume operations following the Lunar New Year holiday, market liquidity is expected to gradually recover next week. Seasonal demand is projected to increase after March, with current prices holding firm amid low inventory levels and positive market expectations. Looking ahead, ongoing execution of export orders and the approaching April refrigeration exhibition are likely to introduce new momentum to the refrigerant market, potentially supporting prices for certain products. Guosen Securities previously noted that tightening refrigerant quotas represent a long-term trend, under which key refrigerants such as R32, R134a, and R125 are expected to maintain strong market conditions, with significant potential for price increases over time. Leading companies with substantial refrigerant quotas are anticipated to sustain high profitability. Additionally, growth in the liquid cooling industry is expected to drive demand for fluorinated fluids and refrigerants. Investors are advised to monitor price recovery in fluorinated polymers like PVDF and PTFE.