Industry News

rising costs

Glove makers urged to increase prices

PETALING JAYA: Members of the Malaysian Rubber Glove Manufacturers’ Association (Margma) are advised to increase and adjust prices according to the rising raw material costs and continued weakening of the US dollar.

In a statement yesterday, association president K.M. Lee said the price of natural rubber latex had increased by about 19% from an average of 657.25 sen per kg in January to close at a new record high of 782 sen per kg on Oct 15. (read on)

 

Rubber glove players have upped prices

[Rising raw material costs, weakening US dollar cited as reasons]

PETALING JAYA: Rubber glove players have already increased their glove prices in accordance with the rising raw material costs and continued weakening of the US dollar.

Two days ago, the Malaysian Rubber Glove Manufacturers’ Association (Margma) told its members to increase prices as the price of natural rubber latex had increased by about 19% from an average of 657.25 sen per kg in January to close at a new record high of 782 sen per kg on Oct 15. (read on)

 

Glovemakers upbeat despite rising costs

TEFD: How is the company coping with the headwinds in the form of costlier latex and the weakening US dollar?
Hartalega executive director Kuan Mun Keng: Hartalega is primarily focused on nitrile gloves, so we are largely not affected by the impact of rising natural rubber costs. Nitrile material, which is purchased in US dollar, provides a natural hedge to our US dollar-denominated sales. Moreover, improving productivity allows us to provide better pricing support to our customers. (read on)

 

Rubber mart likely to trade mixed this week

KUALA LUMPUR

The Malaysian rubber market is likely to trade mixed this week.

The rubber market ended last week lower in mixed trading in closely tracking developments in other commodity prices and demand from China.

The rubber market was also closely monitoring the poor leads from the Tokyo and Shanghai futures markets, following an interest rate hike in China which has stirred concerns over demand. (read on)

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