Guotai Haitong: Still optimistic about the leading yarn company with performance potential benefited from the upward trend of US cotton prices.

Guotai Haitong released a research report stating that American cotton started to strengthen in early March, with an increase of nearly 10% and breaking through 70 cents per pound. With Brazil's reduced production, and the United States and China entering the cotton planting season, the period from March to May is an important catalytic window for the price of American cotton. The leading yarn companies that benefit from the upward trend in American cotton prices are still optimistic about the performance elasticity.