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Steering Through Market Turbulence: Antai Textile Navigates Acrylic Yarn Market Changes with Accumulated Experience and Insight

Steering Through Market Turbulence: Antai Textile Navigates Acrylic Yarn Market Changes with Accumulated Experience and Insight
Li Wei, Head of Marketing
25/07/21

Currently, the acrylic yarn market is experiencing a complex situation intertwined with multiple factors. Li Xiong, Marketing Manager of Antai Textile, stated that due to factors such as crude oil price fluctuations triggered by the Israel-Palestine conflict, unclear production plans of Jilin Chemical Fiber, and pending results of tariff negotiations between the United States and major economies, acrylic prices in July may fluctuate significantly in the coming weeks, with both upward and downward possibilities. This series of uncertainties, like a battle without smoke, tests the wisdom and resolve of every textile enterprise. Located in Zhangjiagang, Jiangsu Province, Antai Textile, which has been deeply rooted in the textile field since 1993, relying on over two decades of industry accumulation and keen market insight, is steadily steering through the turbulence.

"The Israel-Palestine conflict in the first half of the year did push up crude oil prices, directly increasing the production cost of acrylic," Manager Li Xiong pointed out when analyzing market dynamics. "Speculative stockpiling by downstream enterprises also led to a significant decline in acrylic inventory. By the end of June, the inventory level of major acrylic manufacturers had decreased by about 30% compared with the beginning of the year, hitting a recent low. This pushed up prices in the short term but undoubtedly increased market uncertainty." Faced with such a market environment, Antai Textile did not choose to wait and see. Led by Manager Li Xiong, the marketing team analyzed the market situation day and night and maintained close communication with the production end to ensure that the company's product strategy could quickly respond to market changes.

This calmness and confidence largely stem from Antai Textile's solid production backing. Factory Director Huang from the production department deeply understands this: "The more volatile the market, the more stable our production end must be. As of July 10, although the average capacity utilization rate of the domestic acrylonitrile industry has increased slightly to 76.20%, we have noticed that Jilin Petrochemical's expanded 260,000-ton/year acrylonitrile plant is planned to start production at the end of July, Shandong Haijiang's 130,000-ton/year plant also temporarily shut down for maintenance for about 10 days starting from July 7, and Lihuayi's spot quotation for acrylonitrile has also been reduced. All this information requires our production plans to be more forward-looking and flexible." Director Huang said that Antai Textile has advanced production equipment and a mature process system, which can timely adjust the procurement and production rhythm according to subtle changes in the raw material market, ensuring the stable supply and excellent quality of core products such as acrylic yarn, acrylic top, colored acrylic top, and various fancy yarns. By optimizing production processes and improving equipment operation rate, Antai Textile has also achieved remarkable results in cost control, enabling the company to maintain strong competitiveness in the face of market competitions such as Lihuayi's price adjustment.

More importantly, Antai Textile always keeps its eyes on the long term. According to industry forecasts, the market size of China's acrylic yarn is expected to show a steady growth trend from 2025 to 2030, and is expected to exceed 50 billion yuan in total. The market size will be about 18 billion yuan in 2025 and is expected to increase to 58 billion yuan by 2030, with a compound annual growth rate of about 8%. Behind this inspiring data is the product matrix that Antai Textile has already laid out. Manager Li Xiong introduced excitedly: "We have noticed that the demand in the home textile field accounts for the largest proportion, accounting for 45% in 2025 and will increase to 52% in 2030; the demand in the apparel industry is growing steadily, and the demand in the industrial application field should not be underestimated. The proportion of acrylic yarn in the industrial field will be about 28% in 2025 and is expected to increase to 35% by 2030. This is highly consistent with our product planning."

In response to the high requirements of the home textile field for acrylic yarn in terms of softness, warmth, and color richness, Antai Textile's colored acrylic tops and various fancy yarns, with their characteristics of environmentally friendly dyeing, high color fastness, and novel patterns, have long won the favor of many well-known domestic and foreign home textile brands. In the apparel industry, the acrylic yarn produced by the company, with its light, warm, and easy-care properties, has become an ideal raw material for knitted sweaters, casual wear and other clothing, meeting consumers' dual pursuit of comfort and fashion. In the industrial application field, Antai Textile has already started to develop acrylic yarns with special properties such as high strength and wear resistance, actively expanding applications in filter materials, industrial fabrics, etc., and striving to take the lead in the 35% market share in the future.

From its foundation in Zhangjiagang in 1993 to now becoming an important participant in the acrylic yarn field, Antai Textile has not only witnessed the magnificent development of China's textile industry but also contributed to the industry's development with its own technological R&D strength and large-scale production capacity. The company深知 that in the ever-changing market, only through continuous innovation and excellence can it remain invincible. Both Manager Li Xiong and Director Huang stated that in the face of future opportunities and challenges, Antai Textile will continue to uphold the concept of "survive by quality, develop by innovation", closely monitor market dynamics, deepen industry-university-research cooperation, optimize product structure, improve service levels, and work hand in hand with upstream and downstream partners to jointly promote China's acrylic yarn market towards a more brilliant tomorrow, weaving a better future with high-quality yarns.