July 14, 2026 12:06 AM GMT Investor Presentation | Japan Chemicals: Industry Reshuffling also Gaining Steam amid an AI-driven Market l Petrochemical majors (Industry View: Attractive): Expecting continued weak petrochemical demand and ethylene utilization rates, but in addition to China's anti-involution policies, there are signs of naphtha cracker downsizing in South Korea; believe the overall mood is improving. Asia petchem prices and spreads unlikely to fall further, but probably lack recovery momentum. ...