I was attending Top Glove presentation last week. And there is a slide on raw material costs that I took a screenshot on. Its true that raw material cost like Nitrile and Butadiene are on the upward trend due to strong demand but its not too significant yet and it should be more covered by the ASP increases.
VIP said Nitrile costs is about 45% of its COGS, eg. a 50% increase in Nitrile cost will increase total cost by around 22.5%. Nothing a ASP increase couldn't fix.
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