Supply shortage for gloves


Adding to the shortage of gloves is the possibility that Covid-19 cases, which had caused a surge in the demand and hence price of gloves before this, could continue to peak due to new variants of the virus. Hence, some analysts are not downgrading the glove sector as yet.

PETALING JAYA: The market’s anticipation of the average selling prices (ASPs) of gloves normalising is already happening but that does not discount the fact that there remains a shortage of gloves.

Adding to this shortage is the possibility that Covid-19 cases, which had caused a surge in the demand and hence price of gloves before this, could continue to peak due to new variants of the virus. Hence, some analysts are not downgrading the glove sector as yet.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

rubber , gloves , industry , shortage , Covid-19 , HLIB Research , lockdown ,

   

Next In Business News

Ending flat-rate loan calculations can curb household debt, bankruptcy risks
Blue chips lift FBM KLCI above the 1,600-point level
PNB announces 5.75 sen income distribution for ASB in FY24, highest in five years
Dollar firms as US rates outlook dominates
Surplus will remain the buzzword for oil markets in 2025 despite OPEC+ move
BOJ debated need for caution in raising rates, Oct minutes show
Tuju Setia jumps 18% on RM389mil construction contract
Amicorp Group denies alleged fraud of over US$7bil in 1MDB scandal
FBM KLCI up in early trade, tracking Wall Street gains
Ringgit edges higher against US dollar despite stronger dxy

Others Also Read