July 28, 2025 09:22 PM GMT Chemicals | Asia Pacific M Idea China Anti-Involution: The US $50bn Turnaround Chemical cycle is entering a phase of possibility after two years of one of the sharpest downcycles in 20 years. China's A-I and deflating investment cycle are key to a US$50bn turnaround in assets. We turn more positive and upgrade PTTGC, PETRONAS Chemicals and Tata Chemicals to OW. Investor expectations for the commodity chemical cycle are the most bearish we have seen in 20 years of watching the sect ...