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.

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

Market Outlook: Global polyolefins outlook driven by supply/demand dynamics and China policies

Getty Images ICIS forecasts growth in polyolefins consumption in Europe in 2017 and 2018, making continuity of supply a key issue for... Thu, 16 Nov 2017

Eurozone manufacturing grows in October at fastest rate since 2011

LONDON (ICIS)--Manufacturing sector output growth reached its highest level since April 2011 in October, with economies in northwest Europe leading... Thu, 02 Nov 2017

Europe PE buyers target spread erosion for November sellers

LONDON (ICIS)--Polyethylene (PE) buyers in Europe are targeting some penetration into producers’ ethylene/PE spread in November following a fairly... Wed, 01 Nov 2017

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For the latest analysis and developments on the Italian referendum results, ensure you subscribe to ICIS news to access our full range of content including the below:

Europe PET prices stable as upward pressure in February looms

LONDON (ICIS)--A shift in focus towards February means the Europe domestic polyethylene terephthalate (PET) price range is unchanged, sources said on... Fri, 19 Jan 2018

Europe Q1 caustic soda contracts trend towards increases

LONDON (ICIS)--Q1 price contracts for caustic soda are firm across Europe on the back of the increased structural tightness of the market, according... Fri, 19 Jan 2018

Swiss construction chemicals company Sika buys in Italy

Source: Chemie Aktuell (16 Jan 2018 and Website: http://www.maerkte-weltweit.de ) Construction chemicals firm Sika has purchased a major stake... Tue, 16 Jan 2018

Price and market trends: Europe PP buyers facing price hikes for January business

European polypropylene (PP) buyers are looking at price hikes of around €20/tonne for January contracted business, sources agreed on 12 January. One... Thu, 18 Jan 2018

Spain total oil products consumption down in November

LONDON (ICIS)--Spanish total consumption of oil products decreased 2.49% in November month on month, the oil stockholding agency of the Spanish... Wed, 17 Jan 2018

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