中触媒（688267.SH）是国内特种催化剂龙头，欧六等标准落地带动公司移动源脱硝分子筛业绩爆发，公司在研项目储备丰富，后续增长动力强劲。公司2020年实现营业收入4.06 亿元，归母净利润0.92 亿元。截至1 月24 日，可比公司对应2020 年平均PE（LYR）为60.64 倍。

12 月社零数据低迷、年初以来各地零星疫情使市场对 1 季度消费充满悲观情绪，促使高估值个股继续回调，而低估值个股亦受到担忧情绪影响出现回落。春节前后，预计各地防疫仍处从严状态，短期内美妆/医美/超市等缺少基本面亮点和催化剂，预计将呈现震荡或小幅回调状态；珠宝子板块因节日因素、黄金饰品销售良好等原因，春节前后表现或优于其他子板块。

发展氢能是中国21 世纪能源战略的重要一环，也是实现“3060”双碳目标的必经之路，“十四五”规划明确了中国氢能的发展方向和战略目标，政策继续加码预期会推动氢能渗透率持续提升。回顾中国新能源的发展史，我们认为氢能目前所处的时间点类似于2010 年锂电爆发的前夜，未来中国有望在氢能领域继续复制锂电产业链成功的路径，踏上清洁能源革命的新台阶。

Soaps that are available in liquid form and are generally used for washing utensils; cleaning body parts such as hands, beard, and face; and scrubbing dirty surfaces are known as liquid soaps. These are available in different types as well as sizes that cater to the requirement of the customers. For the purpose of analysis, the liquid soap market is segmented into product type, type, application, Distribution channel, and region. The report covers a detailed analysis of the trends and future estimations, and offers a thorough study of the global market. This report further highlights the key areas of investment. It analyzes government regulations and policies to provide information on the current market trends in different regions and suggests the future growth opportunities. The report covers the overall net value of different products of liquid soap category consumed by various consumers across the globe. The study highlights Porter’s five forces analysis to determine the factors affecting the market growth. These factors include raw material prices, intense competition, end users, manufacturers, and suppliers. To understand the market, drivers, restraints, and opportunities are explained in the report. In addition, the study features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

With changing consumer demand and stringent regulatory policies for an eco-friendly product, the companies are developing novel masterbatches that enable distinguishing different types of polymers with the NIR sorting. Such masterbatches are compatible with a wide range of resins such as polyolefins High-density polyethylene (HDPE), Low-density polyethylene (LDPE), Polypropylene (PP), Polyethylene terephthalate (PET), Polystyrene (PS), and Polyamide (PA). In addition, near-infrared detectable masterbatches can significantly lower the carbon footprint. With NIR detectable masterbatch, black and dark-colored plastic products can be accurately sorted and recycled. NIR detectable masterbatch are predominantly used in home decor, personal care, food and beverage industries, and a wide range of packaging industries. Some of the major players in NIR detectable masterbatch include Clariant, Gabriel Chemie, Ampacet, and Sukano.

The global polyethylene films market is segmented on the basis of technology, type, material, application, and region. By technology, the market is classified into blow film extrusion and cast film extrusion. Depending upon type, the market is classified into stretch films and shrink films. Based on material, the market is divided in low-density polyethylene (LDPE), high-density polyethylene (HDPE), and linear low-density polyethylene (LDPE). Depending on application, it is segregated into food & beverage, agriculture, construction, household, and others. Region wise, it is analyzed across North America, Europe, Asia- Pacific, and LAMEA.

The SiC fiber market is segmented on the basis of phase, application, and region. By phase, the market is classified into crystalline and amorphous. Depending on application, it is segregated into aerospace & defense, energy & power, industrial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The report covers the strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The key players operating in the global market include American Elements, BJS Ceramics GmbH, Free Form Fiber LLC, GE Aviation, Haydale Technologies Inc., NGS Advanced Fiber Co., Ltd., Nippon Carbon Co., Ltd., Saint Gobain, SGL Carbon SE, and UBE Industries Ltd.

2021 年社会消费品零售总额达到4.4 万亿元，同比增长12.5%，社零情况稳步恢复。化妆品板块全年稳定高增长，累计同比增长14.0%，线上快速增长为化妆品行业持续高景气的关键因素，尤其在抖音平台销售拉动显著。

TDI 价格持续走高，供需趋紧有望持续上涨。供给方面，根据百川与隆众资讯，本周烟台巨力3+5 万吨装置停车检修，万华福建TDI 装置重启但产出不稳定，甘肃银光装置继续停车检修，其他工厂均正常运行，本周TDI 行业开工率约78.68%，较上周环比持平。