Glove prices soften


An analyst said the declining ASP for gloves would have a greater impact on smaller players that want to capitalise on the surge in demand for sanitising products in Malaysia amid the Covid-19 outbreak.

PETALING JAYA: The gradual decline in glove prices and oversupply is already impacting the near-term average selling price (ASP) for the sector and the prospects of new entrants into the sector.

A check with e-commerce sites revealed that the ASP of a box containing 100 pieces of nitrile gloves are selling at steep discounts from before.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Muhibbah Engineering-led consortium bags RM322mil job from PETRONAS Carigali
32 companies awarded FiT quotas, set to generate RM1.14bil investments
Bursa Malaysia gives up earlier gains to end lower
Bonia unit to acquire KL property for RM35.51mil
Sunview unit undertakes EPCC of solar energy facility for RM122mil
Gamuda to acquire 30% stake in ERS Energy for RM200mil
China stocks fall on profit-taking following new Covid easing measures
Bank Negara's international reserves rise to US$109.7bil as at Nov 30
CIMB launches sustainability-linked Treasury programme with pioneering clients Farm Fresh and Sunway
India central bank raises key rate, says inflation battle not over

Others Also Read