Brexit and the impact on the petrochemical industry

The UK decided to leave the EU following the referendum that took place on 23 June. The impact of the “Brexit” decision was seen immediately with sterling falling to a 31-year low against the dollar.

ICIS has followed the lead up to the referendum and is now providing up-to-date coverage of the developing situation in the aftermath of the decision.

ICIS graphics and news output help readers assess the situation as it develops across multiple products.


Latest infographic

Brexit Infographic

The vote in favour of the UK leaving the European Union delivered a blow to business and to an industrial sector overwhelmingly supportive of the ‘Remain’ camp. The data from ICIS Consulting shows what proportion of the EU’s major petrochemical assets are in the UK.

They also illustrate the latest trade flows for the major olefins, aromatics, 12 major polymers and 21 intermediates.

Whitepaper: Opinions split over Brexit effect on the petrochemicals market

brexit whitepaper
Read the full whitepaper

Brexit infographic 

Brexit Infographic

View the latest ICIS infographic to gain an insight into what market participants are thinking and what consequences a “leave” vote would have on the industry.

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Latest News on Brexit

Spain’s chems bonanza can only hold with EU-wide solutions - FEIQUE

...said. In the year when a member country decided to leave the EU for the first time, the UK’s Brexit process has raised questions for EU policy makers... Tue, 25 Oct 2016

European confidence falls into negative territory in October - CMCI the recent plunge in the pound sterling against the euro and dollar, as well as growing indications that a ‘hard Brexit’ scenario might take... Tue, 25 Oct 2016

K Fair '16: European PVC demand impacted by low EU funds, Brexit

...K Fair '16: European PVC demand impacted by low EU funds, Brexit. Chris Barker. DUSSELDORF (ICIS)--Polyvinyl chloride (PVC) demand in central and eastern... Thu, 20 Oct 2016

BLOG: Financial markets penalise the UK on Brexit

...BLOG: Financial markets penalise the UK on Brexit. Staff Reporter. LONDON (ICIS)-- Click here  to see the latest blog post on Chemicals & The Economy... Mon, 17 Oct 2016

EU Q2 chem sales, prices down as global economy worsens - Cefic

...years and uncertainty Europe after the UK voted to leave the EU in June (Brexit), although it was somehow offset by a “slight improvement” in economic... Mon, 10 Oct 2016

ECHA tells Europe chemicals to ‘stop complaining’, get on with registrations

...ECHA chief also said the departure of the UK from the EU, known as Brexit and caused by a national referendum on membership in June, would have effects... Fri, 07 Oct 2016

Eurozone, UK manufacturing PMI indices dispel Brexit fears, but sterling weakens

...hosted its annual conference in Birmingham, giving hints the coming departure from the EU (Brexit) will rather be a ‘hard Brexit’ – potentially involving... Wed, 05 Oct 2016

Europe chems sector confidence steadies after volatile few months - CMCI

...on the back of broadly positive macroeconomic indicators, but more muted than during more volatile periods in the wake of the UK Brexit vote in late June.... Tue, 27 Sep 2016

EU new passenger car sales rebound strongly in August

...34 consecutive months of growth, but had been expected given the uncertainty and raft of negative macroeconomic forecasts following the so-called ‘Brexit’... Thu, 15 Sep 2016

Crude oversupply to soften despite weak global growth - OPEC

...from which 80% of the country’s output is created – might mislead projections as everything is yet to unfold regarding the so-called Brexit. “Indicators... Mon, 12 Sep 2016