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.

Europe top stories: weekly summary

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 15 June. Europe etac prices rise sharply on feedstocks,... Mon, 18 Jun 2018

German investor outlook slumps to six-year low on weaker demand, trade tensions and Italy

LONDON (ICIS)--German investor confidence weakened in June as sluggish economic demand and fears over the new Italian government exacerbated global... Tue, 12 Jun 2018

Europe etac prices rise sharply on feedstocks, tightening supply

LONDON (ICIS)--European ethyl acetate (etac) spot prices have risen sharply on the back of higher feedstock costs and tighter supply, according to an... Mon, 11 Jun 2018

Fewer chemicals registered than expected in EU as Reach passes final milestone

LONDON (ICIS)--The final deadline for the EU’s Reach chemicals registration has passed with the total number of dossier submissions for different... Fri, 01 Jun 2018

Global macroeconomic winds swirl, challenging the rosy scenario

The global chemical sector is facing a whirlwind of macro forces. Between Italy’s new political crisis, Turkey’s plunging currency, US interest rate... Thu, 31 May 2018

Premium ICIS news insight and analysis

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:

Versalis wins bidding process for Mossi & Ghisolfi’s green chems ops in Italy

LONDON (ICIS)--Versalis has won the bidding process to acquire the Italy-based “green activities” of Mossi & Ghisolfi, which continues to auction off... Wed, 26 Sep 2018

EU commercial vehicle registrations up in July, August - ACEA

LONDON (ICIS)--Registrations of commercial vehicles in the EU rose for the fifth consecutive month in August, on the back of growth in most... Wed, 26 Sep 2018

Plant status: Versalis Priolo, Italy cracker due for planned maintenance spring 2019

LONDON (ICIS)--Here is a plant status report: Name: Versalis Location: Priolo, Italy Product: ethylene, propylene, crude C4s (CC4) Capacity... Tue, 25 Sep 2018

ETBE prices dip as peak driving season ends, but demand strong

LONDON (ICIS)--European ETBE (ethyl tertiary butyl ether) prices fell this week by $10/tonne to $997-1017/tonne FOB (free on board) ARA... Mon, 24 Sep 2018

Europe caustic soda market tightens as players look to Q4

LONDON (ICIS)--The European caustic soda market has tightened on the back of unplanned turnarounds, according to market sources on Friday. European... Mon, 24 Sep 2018

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