In the first three quarters of 2025, U.S. imports of apparel from China experienced a significant decline. In terms of import volume, U.S. imports from China decreased by 22.1%, while imports from all other countries increased by 13%. In terms of import value, U.S. trade with China fell by 29.9%, while imports from other regions grew by 10.2%. By fiber type, China's cotton apparel category saw the smallest contraction, with import volume declining by 17.6%; wool apparel imports dropped by 22.6%, and man-made fiber apparel imports fell by 24.4%.
PriceSeek Analysis
Cotton, Bull-Bear Score: -1
The article indicates that U.S. imports of cotton apparel from China decreased by 17.6% year-on-year, a relatively moderate but still significant decline. The contraction in demand will increase pressure on China's spot cotton inventory, putting downward pressure on spot prices. Additionally, weakening demand in the global textile supply chain may dampen speculative sentiment in cotton futures, posing downside risks to medium- to long-term prices.
PTA, Bull-Bear Score: -1.5
The sharp 24.4% decline in man-made fiber apparel imports directly impacts PTA demand. As a core raw material for chemical fibers, PTA spot markets will face oversupply pressure, potentially narrowing processing margins. In the futures market, the main contract 2605 settled at 5,120 yuan/ton (down 20 yuan), with open interest increasing by 7,012 lots to 1.42 million lots, reflecting strengthened bearish sentiment. The combination of demand contraction and technical weakness exacerbates downside risks for futures prices.
Ethylene Glycol, Bull-Bear Score: -1
Weak demand for man-made fibers also negatively affects the ethylene glycol spot market. The contraction in China's chemical fiber exports will lower ethylene glycol consumption expectations, suppressing spot procurement enthusiasm. In the futures market, the 2611 contract settled at 3,991 yuan/ton (up 19 yuan), but the increase was marginal, with trading volume at only 12 lots. Bearish demand-side factors may reverse the current slight upward trend.
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