United Kingdom Petrochemicals Q2 2020
Uncertainty over the UK's long-term trade arrangements and chemicals regulation have prompted many chemicalscompanies to move regulatory approvals from the UK to the EU. Amid the post-Brexit risks, the British plastics industry faces marketvolatility and higher raw material prices over the short term, but in the long term, there is still little clarity over trade andregulation. The effects of uncertainty 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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