Most consumers consider cosmetics as impulse purchase goods. Despite the economic slowdown in several countries, consumers treat these products as an affordable luxury. For instance, despite the slowing economic conditions, consumers in Brazil spend on color cosmetics. Attractive packaging and the trend of growing consciousness about health and wellness are adding to the growth of the overall color cosmetics market. However, the growing availability of counterfeit products is negatively affecting the growth of the overall market. The global color cosmetics market is expected to post a CAGR of 5.19% during the forecast period.

In terms of consumption, the global propylene market was at 92.4 million metric tons in 2015. It is expected to grow at a CAGR of 5.65% between 2015 and 2020.Asia-Pacific (APAC) dominated the market in 2015, accounting for 53.9% of the global demand. This was followed by Europe with a 20.4% share. APAC is the largest propylene-consuming market, with emerging economies like China, India,and Japan. China is the second-largest producer of propylene, and it is anticipated that its propylene production capacity will grow significantly over the next five years.In North America, the demand for propylene is expected to grow owing to increased consumption of polypropylene, which accounted for 66% of the total propylene derivatives in 2015.The global propylene production is anticipated to shift toward on-purposetechnology due to the availability of multi-feedstock for propylene production. It is expected to grow at a CAGR of 13.48% during the forecast period.It is anticipated that the demand from the polypropylene market will drive the production of propylene and other derivative products. More than 65% of the total propylene produced is used in the production of polypropylene, while 8% is used inthe production of propylene oxide and 7% is used in the production of acrylonitrile.

The industry concentration in the pregnancy detection market has drastically increased in recent years due to growing awareness of the product worldwide,especially in developing countries such as India. This trend will continue over the next five years as the individual spending level rises and people increasingly opt for solutions that provide fast and accurate results.The growing popularity of pecialty stores and online retailers will attract customers from medical stores, pharmacies, and retail stores, thereby cannibalizing thesedistribution channels during the forecast period.The increasing number of marketing initiatives, especially social media initiatives,has created awareness and buzz among consumers. This has helped the online channels raise revenue, as well as achieve more traffic.After the Zika outbreak, the FDA has authorized labs to use Zika detection kits by InBios. The product is proposed for the resumptive detection of Zika virus, IgM antibodies, in human sera collected from people meeting the clinical and epidemiological criteria. The kit contains all the necessary reagents required to perform the assay and attain results in four hours or less. Additional testing ismandatory to confirm positive results from this assay. These inventions will improve the overall diagnostics market, thereby benefiting the pregnancy detection segment.

The changes in ISO standards and guidelines from various environmental governing bodies will authorize research facilities to conduct air and water quality testing periodically, thereby expanding the business potential for pre-packed chromatography segments.The possibility of the adoption of new low-cost manufacturing technologies related to disposable or single-use pre-packed columns for large-scale commercial and clinical applications is high among major companies and new vendors.The development of futuristic complementary technologies such as continuous processing methods will positively impact growth prospects of pre-packed disposable columns.Owing to the high cost of resins used in different types of packing, pre-packed disposable columns are being employed and used several times, which negatively impacts the quality of end-results.

龙蟒佰利迎来 2017 年第 3 次提价，上调 800 元/吨。3 月 3 日，国内钛白粉龙头龙蟒佰利联宣布，各型号钛白粉（包括硫酸法、氯化法钛白粉）售价对国内外客户上调 800 元人民币/吨及 100 美元/吨。同日，东方钛业、力卓钒钛等数家企业跟调报价 800-1000 元/吨不等。

2017 年我们非常看好煤化工产品价格的持续提升，主要产品就是尿素和甲醇，建议关注华鲁恒升（600426）和阳煤化工（600691）。由于行业自身供需格局的逐步转变，有机硅行业有望迎来业绩反转，建议关注新安股份(600596)。维生素B1、维生素 K3 的价格持续上涨，公司经营业绩会持续提升，推荐兄弟科技（002562）。 

本期，沪深 300 指数下跌 1.32%，中信基础化工指数上涨 0.52%，23 个中信化工三级子行业中有 9 个跑赢行业指数。本期，涨跌幅排名前五的子行业分别为涂料涂漆、有机硅、氯碱、氟化工和磷化工；涨跌幅排名后五的子行业分别为磷肥、聚氨酯、复合肥、锦纶和纯碱。个股方面，涨跌幅排名前五的分别为亚星化学、金浦钛业、科恒股份、君正集团和当升科技；涨跌幅排名后五的分别为*ST 河化、西陇科学、昌九生化、京汉股份和国发股份。 

2 月 27 日至 3 月 3 日，上证综指下跌 1.08%，化工行业上涨 0.15%，强于大市。子行业涨跌互现，其中氯碱、其他化学原料涨幅较大，复合肥、纯碱等跌幅较大。 

2017 年全国两会已于 3 月 5 日开幕，两会提案或将激活新的市场热点。产业升级为我国经济转型重点，新材料产业作为战略性新兴产业将大概率再获政策利好，密切关注相关政策布局和 2017 年的去产能举措。此外，国企改革、农业供给侧结构性改革、京津冀协同发展、一带一路等概念有望再度升温。