Italian Referendum: Impacts on
the chemical industry


Italian referendum vote result
Italian voters have rejected Prime Minister Matteo Renzi’s proposals by 59.1% in the referendum which took place on Sunday 4 December 2016.  Having linked his political future to the result, Renzi has now confirmed he will hand in his resignation, following the steps of his peer in the UK after the Brexit referendum.

Period of uncertainty?
While Renzi’s government has been the most stable in decades, his resignation may bring political instability back to Italy at a time when the economy is starting to pick up. The long shadow of the country’s undercapitalised banks could cause a financial crisis, embroiling the third largest eurozone member and potentially spilling over to the wider 19-country currency union.

How can I find out more?
Make sure you keep on top of the latest post-referendum developments, as they happen, with ICIS news. Our global team provide round the clock breaking news, expert insight and analysis as the chemical markets react to the referendum result and uncertaintity around Renzi's future.

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Market insight: Italian chemical industry post referendum

In this latest market insight, ICIS consultant Paolo Scafetta explores the Italian petrochemical industry post referendum.

Read the latest insight

Free ICIS news articles

ICIS has unlocked the following news stories to keep you up-to-date with the news surrounding the Italian referendum result and the potential impacts on the petrochemical markets.

Global PP tightness to persist

Polypropylene (PP) prices have been subject to high volatility in the early months of the year, especially due to the high swings in crude oil... Thu, 19 Apr 2018

European EPS early April contracts drop €110-150/tonne, demand weaker than expected

LONDON (ICIS)--European expandable polystyrene (EPS) early April contracts have been agreed at decreases of €110-150/tonne, largely in line with the... Thu, 12 Apr 2018

EU caustic soda imports spike in 2017 on capacity closures

LONDON (ICIS)--EU imports of caustic soda liquid spiked in the fourth quarter of 2017 after European producers were obliged to close mercury... Wed, 21 Feb 2018

Eurozone manufacturing PMI hits record high in December

LONDON (ICIS)--The eurozone manufacturing purchasing managers’ index (PMI) ended 2017 at a “series-record high”, according to IHS Markit on Tuesday,... Tue, 02 Jan 2018

Eurozone October chemical producer prices increase 4.1% year on year

LONDON (ICIS)--Chemical producer prices in the eurozone and the EU rose 4.1% and 4.5% respectively year on year in October, the European statistical... Mon, 04 Dec 2017

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Global PP tightness to persist

Polypropylene (PP) prices have been subject to high volatility in the early months of the year, especially due to the high swings in crude oil... Thu, 19 Apr 2018

Chemical Profile: Europe phenol

USES Phenol’s main downstream use is in bisphenol A (BPA). Other primary uses for phenol include use in phenolic resins and caprolactam (capro), as... Thu, 19 Apr 2018

News in brief

AMERICAS STRONG Q1 EARNINGS SEASON EXPECTED US chemical companies are expected to average 10.6% year-on-year gains for earnings per share (EPS) in... Thu, 19 Apr 2018

February US toluene imports fall year on year on delayed imports

HOUSTON (ICIS)--US February toluene imports fell by 5.3% year on year and rose by 3.2% month on month, according to data released by the US... Thu, 19 Apr 2018

Europe April PS talks yet to finalise, styrene backwardation into May slows demand

LONDON (ICIS)--Players in the European polystyrene (PS) market are yet to finalise April business as discussions in the packaging sector continue,... Thu, 19 Apr 2018

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