Oct 1 2021, 12:38 PM
QUOTE(Boon3 @ Oct 1 2021, 12:12 PM)
People will tend to read what they want to read, see what they want to see. This is normal.
It's always about the ASP. Without the insane increase in the selling price (and panic stocking of gloves), glove makers would not have enjoyed their once in a lifetime billion dollar profits.
Pre-Covid, ASP were below USD19.00. (this fact is searchable via the net)
At the height, I believe TG asp hit around USD120.00. (pls feel free to reconfirm)...
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yes, everyone is pumping in tons of capex for expansion on top of the entry of many new playersIt's always about the ASP. Without the insane increase in the selling price (and panic stocking of gloves), glove makers would not have enjoyed their once in a lifetime billion dollar profits.
Pre-Covid, ASP were below USD19.00. (this fact is searchable via the net)
At the height, I believe TG asp hit around USD120.00. (pls feel free to reconfirm)...
........................................................
I am thinking like does the market has this much of demand to stomach the supply actually?
lets say pre-covid demand is with a base of 100, post-covid, stablized with demand like wat? 120?
now the post-covid supply is definitely more than 120 already, means their capacity utilization will be low + depressed low asp
or I am seeing this wrongly?
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