August 21, 2025 03:42 AM GMT Chemicals | Asia Pacific M Idea Anti-Involution: China, Korea and Pushbacks Our counter-consensus bullish view on chemicals has gotten only pushback. Corporate earnings are still challenged, but free cash flows have started outperforming and got most attention in our conversations. Volume growth is being closely watched to get conviction on a cycle turn. Key Takeaways Investor expectations for the commodity chemical cycle are the most bearish we have seen in 20 years of watching ...

August 21, 2025 03:42 AM GMT Chemicals | Asia Pacific M Idea Anti-Involution: China, Korea and Pushbacks Our counter-consensus bullish view on chemicals has gotten only pushback. Corporate earnings are still challenged, but free cash flows have started outperforming and got most attention in our conversations. Volume growth is being closely watched to get conviction on a cycle turn. Key Takeaways Investor expectations for the commodity chemical cycle are the most bearish we have seen in 20 years of watching ...