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.

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

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

Premium ICIS news insight and analysis

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Borealis not afraid of polymer wave

Fertilizers continued to be the Achilles heel at Borealis in 2017 as selling prices remained low, although that did not impede the company’s... Thu, 22 Feb 2018

EU Commercial vehicle registrations up 7.9% in January - ACEA

LONDON (ICIS)--Commercial vehicle registrations in the EU rose year on year in January, as all market segments posted growth, the European Automobile... Fri, 23 Feb 2018

Plant status: Radici Group declare FM on nylon 6,6

LONDON (ICIS)--Here is a plant status report: Name: Radici Group Location: Novara, Italy Product: Nylon 6,6 Capacity (tonnes/year): 90,000 Event... Wed, 21 Feb 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

European recycling capacity expands

Source: (14 Feb 2018 and Website: http://www.europeanplasticsnews.com ) Data from Plastics Recycling Europe (PRE) revealed that the European... Wed, 14 Feb 2018

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