Rubber Glove companies till year 2023

Kossan (7153) - Share price recovery since 4th January

koolset
Publish date: Tue, 12 Jan 2021, 03:22 PM
koolset
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Countries are running out of gloves and have to purchase even more to overcome the incoming shortage.

For next 2-3 years, glove manufacturers will have to even more gloves compared to this year. Eventually, price will increase over time and the simple answer to that is because of the decreasing amount of raw rubber latex materials to produce it.

It is expected that the demand will be higher than 350b gloves next year according to Careplus annual report 2020. What's next?

Price was $5.03 on 22nd December and it started to fall after that.

 

It was because 563 positive cases was found among the workers on that day.

 

It fell to $3.94 on the 4th January.

 

Ever since then it has started to recover gradually to where it is now.

 

It took 2 weeks for the share to start recovering.

 

For full story:
https://www.theedgemarkets.com/article/kossan-says-another-563-positive-cases-detected-among-its-workers
 

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