Talc is a naturally occurring mineral mined from the earth, composed of magnesium, silicon, oxygen, and hydrogen. It is a soft mineral and a basic silicate of magnesium. Talc is considered a raw material due to properties such as lamellarity, softness, whiteness, fragrance retention, luster, and chemical purity. The other commercial properties of talc are chemical inertness, low abrasion, high thermal conductivity, low electrical conductivity stability, and high oil and grease adsorption. Talc is a versatile mineral used in many industrial applications owing to its unique surface chemistry and lamellar properties. Cosmetics, pharmaceuticals, paints & coatings, ceramics, construction, and pulp & paper are the key industries where talc is used

截至2021 年11 月11 日，双十一正式落下帷幕。分平台看，传统电商增长 稳健，直播电商模式发展迅猛；分品牌看，海外品牌热度不减，但国产龙头 品牌逐步凸显优势，颇具领跑行业增长态势。

Acrylic resin is used in applications such as painting, coatings, and sealing to protect surfaces of buildings, automotive, electronics, and consumer goods from environmental hazards. The report focuses on various solvent-based and water-based acrylic resins and their applications in end-use industries, which include building & construction, automotive, and consumer goods. Moreover, the report analyzes current market trends of acrylic resins in different regions and suggests future growth opportunities by analyzing government regulations & policies.

A floor sealer is a chemical solution that is applied to the surface of various types of floors covering materials to preserve them from stains and damage. A seal is a substance that prevents staining agents from penetrating flooring by soaking into and sealing the pores found naturally in highly absorbent materials. A finish is a substance that coats the surface of the floor with an invisible protective layer that serves as a stain-resistant barrier. Floor sealers can be used in several ways: Initial Use Sealers: They are chemical substance that are applied to a newly built floor instantly. They are commonly used for porous materials such as cork, brick, sandstone, and other natural stone materials that are prone to deep set-in stains.

Technological advances have minimized material wastage and increased the efficiency of most materials manufactured for consumption. However, technological advances have also increased the complexity of products. For instance, more rivets, bolts, and joints are being used in structural applications, while more sophisticated PCBs (Printed Circuit Boards) are used in electronic products. Also, there is a growing demand for flexible packaging options and lightweight cars. These products must be durable, flexible, and resistant to external factors such as moisture, solvents, dust, and temperature changes. Thus, the role of adhesives and sealants is exactly to deliver requisite properties while not compromising the quality or cost of the material.

本周价格涨幅前五的石化产品：丁二烯（华东），6.35%；Dubai 现货， 3.94%；MTBE（烟台万华），3.28%；丙烷（华东到岸冷冻价 ），2.06%； 甲基丙烯酸甲酯（华东），2.01%。

国际油价震荡上行。2021 年以来，在OPEC+维持减产、下游需求逐步复苏的 推动下，原油市场供需改善，美国原油商业库存降至2015 年以来较低水平，国 际油价震荡上行。2021 年前三季度布油均价68.06 美元/桶，同比+65%；其中， 1Q21-3Q21 均价分别为61.23 美元/桶、69.12 美元/桶、73.68 美元/桶，原油价 格逐季上行。

本周油价略有回调，国内化工品受煤炭价格下跌，期货现货价格大幅下行，影响市场情绪，但化工品自 身供需格局仍未发生根本改变，对周期品中期价格趋势维持乐观。四季度风格有望更加均衡，主要方向 分为三个方向：全球能源结构变化带来化工品景气持续度更高、白马股资本开支稳步推进年底存在估值 切换、关税及海运费下降预期利好行业。从周期景气持续度来看：站在明年的角度思考，我们仍认为供 需格局好的高耗能产业供给仍会收缩。我们持续看好大泛“碳中和”板块持续景气，相应产业链上游价 格大幅上涨，与光伏、新能源电池、碳中和限电等相关的，纯碱、电石-PVC、黄磷-磷酸、金属硅-有 机硅、氢氟酸-氟化工等产品表现延续强势，边际需求爆发叠加供给受限，行业出现戴维斯双击。长期 看，化工行业受“碳中和”影响，行业资本开支扩张减速，全球经济持续复苏向上，过去几年较多细分 行业资本开支低迷，受环保及能耗约束供给端仍持续收缩。而新增的资本开支均投向新兴领域，如新能 源、半导体、新材料。相关企业第二成长曲线清晰，出现明显的戴维斯双击。