Rising demand augurs well for glove sector

JP Morgan said that despite improving fundamentals, the recovery would be uneven across producers.

PETALING JAYA: Following more than two years of de-stocking, the glove industry is now witnessing a pick-up in demand.

The sector is also seeing a stabilisation of average selling prices (ASPs) due to the tightening in supply-and-demand, and producers are expected to benefit from improved utilisation and the resulting operating leverage.