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2023-12-06 13:18 | Report Abuse
PublicInvest also noted that the Chinese players are running at near full capacity, and notably, Intco Medical had increased production capacity by about 7% from 75 billion pieces per annum to 79 billion a year by the second quarter ended June 30, 2023.
Based on channel checks, the Chinese players are currently selling at US$16 to US$18 per 1,000 pieces.
“The blended ASPs have stabilised at about US$20 to US$21 per 1,000 pieces for Malaysian glove players. Nevertheless, we observed that the pricing gap between Malaysian and Chinese players has narrowed from US$4 per 1,000 pieces to US$2 to US$3 per 1,000 pieces.
“This was partly attributed to rising coal prices on stronger China’s power demand, which limited the Chinese players’ ability to further decrease ASPs,” it added.
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Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2023-12-06 17:08 |
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