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KUALA LUMPUR: Affin Hwang Research says Malaysian rubber glove manufacturers could benefit from the trade spat between the US and China as a tariff is being imposed on rubber/plastic gloves from China.
Rubber glove manufacturers are generally happy with the price of latex, which has stabilised to about RM4.27 per kg.
KAMUNTING: Rubber gloves from Malaysia are likely to cost more this year as latex prices are expected to go up. The price of rubber gloves is expected to rise following the Association of Natural Rubber Producing Countries' announcement recently that it was considering fixing latex prices at a 'reasonable level' of US$2.60 per kg, an increase of about 33% from about US$1.95 per kg currently.
KUALA LUMPUR: Malaysia continues to dominate the world rubber gloves market by capturing about 60.8% of total world exports last year and is clearly ahead of its closest competitors. It is followed by Thailand at 16.8%, China 6.7% and Indonesia 5.1%, a conference was told yesterday.
PETALING JAYA: The shares of rubber gloves-related firms were among the top 10 gainers, owing to the sliding latex price and strengthening of the US dollar, despite the overall bearish market.
SINGAPORE: More stringent hygiene in US hospitals and labs could boost sales for Malaysian rubber glovemakers who produce three out of every five pairs used in the world.