Everyone knows that the price increase of nitrile gloves began when the coronavirus was first discovered. In order to contain its spread, the blockade began in February. Disposable nitrile gloves have become a shortage. China produces most of the world's nitrile gloves. These gloves are widely used in the catering industry and medical applications. As the factory closed for a long time, the production of nitrile gloves was virtually stopped. When the factory resumed its production line, the rate of increase in production has been very slow. At first, many of these nitrile gloves were sold in China, which restricted exports. Some foreign buyers wanted to buy a large amount of disposable nitrile gloves from China, but Chinese The factory has already filled up the orders. They can only increase the price and let the factory arrange or insert orders in advance, which leads to an increase in the price of nitrile gloves.
We expect that the glove market will be difficult to return to normal in 2020, and the reopening of the United States and other economies may further worsen the shortage due to increasing concerns about hygiene and safety and the increase in the use of nitrile gloves in healthcare and food services , Which will create more demand. Nitrile gloves are becoming an important part of our daily lives.
At some point, the use of nitrile gloves is difficult to drop and the supply will return to a state of balance with demand.
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