Many booed after several occasions of low ordering but high exchange settlement this year

Many booed after several occasions of low ordering but high exchange settlement this year. The lowering price of imported cotton yarn also caused a sharp shrinkage of operating capacity in the second half of the yeard. After entering into Dec the exchange rate fell and became stabilized, getting the imported cotton yarn out of the trouble of months-long loss and see significant improvement of operating profit. As can be seen in charters below, most of early-to-mid Dec arrivals were ordered at the end of Oct, when ICE cotton futures fell low and exchange rate hit high. Such a great pressure for ordering got relived and ordering profit began to rise significantly only after USD dropped and actual exchange settlement cost reduced