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.