United Kingdom Petrochemicals Q1 2019
Petrochemicals growth has been strong since Brexit, boosted by the falling value of the pound sterling. However,downstream added-value segments have shown a sluggish performance. In the context of Brexit uncertainty, the British plasticsindustry faces market volatility and higher raw material prices over the short term, but in the long term there is little certainty overtrade and regulation. The effects on investment mean the UK's petrochemicals industry's competitiveness in value-added, high-margin products is being eroded by risk perceptions.
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