伴随着消费者美妆护肤的频率提升，国内美妆护肤市场持续增长，这得益于国内经济高质量快速发展及国民消费需求升级， 推动“颜值经济”崛起。

“颜值经济”驱动下，我国护肤市场规模及增长率呈明显增长趋势。消费者热衷于在社交平台上了解护肤相关话题。社交平台上，消费者对美白、敏感及补水保 湿的关注度高于其它话题。 面膜作为基础的护肤产品，兼具保湿滋润、深层清洁等多种功效，受到消费者的广泛欢迎。疫情爆发前，消费者更看重产品功效； 疫情爆发后，产品安全性成为消费者选择护肤品时 最关注的因素。

为应对国内外复杂严峻的发展形势，中央新提出“双循环”战略，加快形成以国内大循环为主体、国内国际双循环相互促进的新发展格局。构建国内国际双循环相互促进的新发展格局，是中国经济高质量发展的内在需要，也是全球经济再平衡的客观要求。我国是全球最大的化妆品新兴市场和第二大化妆品消费国，随着疫情防控形势的向好，我国化妆品商品消费增速逐渐加快，国内需求潜力不断释放。中商产业研究院预测，2021年我国化妆品市场规模将达4733.5亿元。

根据国家统计局数据，我国2020年化妆品零售总额达3400.2亿元，同比2019年增长9%，高于全国社会 消费品零售总额同期增速。口红是美妆行业的重要细分品类之一。近年来，随着消费群体的增长、电商体系的成熟、MCN机构及 KOL蓬勃发展、短视频和直播等“可视化”强的媒介兴起，强势带动口红产品的传播与“种草”。 

“颜值经济”推动护肤市场增长，随着中国跨入新消费时代，消费者开始注重以实现自我和发展自我为出发点的个体性，强调树立与众不同的形象。对自我感受的关注度提升，护肤品的使用感是TOP考虑因素之一。精华和面膜作为密集修护型产品，吸引消费者较多关注，除基础保湿功能外，消费者对于精华抗氧化、抗皱、淡斑、控油的深层修复功能存在期待。精华在25-29岁的男性群体中渗透度较高，58%的男性会优先选择男性专用精华品牌。

Well drilling is a significant and inseparable part of spacer fluid market industry. During the drilling and completion of a well, spacers are extremely crucial. Spacers separate the drilling fluid and cement in the drilling devices. Owing to their chemical incompatibility, the possibilities of acute gelatin or flocculation are enhanced during this process. After the drilling fluid has been run down the drill string, spacer fluids are pumped down the drill string before the cement slurry is poured in. A spacer fluid is used in cementing operations to separate the cement from the drilling fluid. With the growth of the energy and natural resources industries, spacer fluid is expected to become more popular.

Bioadhesives are defined as naturally occurring polymeric materials, which possess adhesive characteristics and can adhere to biological surfaces. This substance includes glues created by using biological intermediates such as starch, cellulose, or gelatin. With the growing popularity of bioadhesives, owing to their environmentfriendly nature, they are preferred over synthetic adhesives. These adhesives find their application in several end-use industries such as wood, packaging & paper, construction, and medical industries.

Trimethylhydroquinone (TMHQ is also known as 2,3,5-trimethylhydroquinone. It can be utilized in the manufacturing of pigments, dyes, antioxidants, and others. However, the important application of TMHQ is as an intermediate in the industrial manufacturing of vitamin E. Vitamin E has significant importance in food manufacturing, cattle breeding, and medicine due to which there is rising interest in the methods for the preparation of 2,3,5-trimethylhydroquinone.

Toothpaste is a gel or paste used along with a toothbrush to maintain oral hygiene and clean the teeth. Toothpaste contains chemicals or ingredients that help in the removal of food and dental plaque from teeth. It also assists in suppressing halitosis. Furthermore, it aids in the prevention of tooth decay and gum disease. Salts and herbs are now extensively used in commercial toothpaste.

新材料指数下跌3.43%，表现弱于创业板指。OLED 材料跌4.16%，半导体材 料跌5.9%，膜材料跌0.11%，添加剂涨2.94%，碳纤维跌0.01%，尾气治理 跌1.12%。涨幅前五为万盛股份、沃特股份、新纶新材、宏昌电子、道明光 学；跌幅前五为瑞联新材、隆华科技、海优新材、晶瑞电材、中石科技。

本周跟踪均价的101 个化工品种中，共有64 个品种价格上涨，12 个品种价格 下跌，25 个品种价格稳定。涨幅前五的品种分别是黄磷、磷酸、液氯、NYMEX 天然气、液氨；而跌幅前五的品种分别是丁二烯、对二甲苯、双酚A、顺丁橡 胶、丁苯橡胶。

本周申万化工上涨2.8%，跑赢沪深300 指数5.94%，板块继续表现亮眼。虽 然多省市出台了限电限产政策，但市场对于板块的后续走势仍存在分歧，我 们的理解是化工涨价周期还未结束，在供给端边际收紧、需求迎来旺季叠加 低库存的背景下，化工板块有望继续走强。我们看好的方向依然是供给端边 际收紧+需求持续向好的品种，比如：黄磷、草甘膦、金属硅。另外，建议关 注新材料板块，尤其是光学膜以及特种工程塑料。