Glove sector ASPs seen to normalise next year

Going into October, TA Securities Research said the ASPs for nitrile and latex gloves are expected to be at US$35 to US$40 (RM146 to RM167) per 1,000 gloves and US$25 to US$30 (RM104 to RM125) per 1,000 gloves respectively. This will translate into 8% to 12% month-on-month decline, it added

PETALING JAYA: The average selling prices (ASPs) of rubber gloves are expected to normalise in the first quarter or early second quarter of 2022, says TA Securities Research.

In addition, the ASPs for gloves would still be higher compared with the pre-pandemic levels due to the higher cost of production, additional costs of standard operating procedure (SOP) compliance and higher nitrile raw material prices, said the research house in its latest report.