Gloves are down today. Two main news making rounds are:
Potential windfall tax* (historically: 15-30%)
New additional supply from Chinese players in nitrile gloves
a) Bluesail: 30 bil (Ph1: 10 bil in May 2021, Ph2: Dec 2021)
b) Medical Intco: 10 bil (2-3 years time)
Note: 10 bil = 2.5% of global demand