Spanish chemicals hopeful new cabinet will reinforce industrial policy

Spanish chemicals players are hopeful the next government led by current prime minister Pedro Sanchez will reinforce nascent industrial policies. Representatives of both employers and employees said to ICIS on Monday that, following the relative majority of the centre-left PSOE on Sunday’s general elections, more political stability could be expected, in turn benefitting the chemicals sector. The Spanish stock exchange was trading slightly lower on Monday, while the euro remained stable against major currencies. Nearly 76% of Spanish voters (26.3m) went to the polls on 28 April in a hotly contested election.A full list of results can be seen on Spain's Ministry of Interior's website.Pedro Sanchez has been in office for only 10 months after a vote of no-confidence gathering support from practically all parties in Parliament ousted the previous premier Mariano Rajoy. Governing during the 10 months with only 84 seats in the 350-strong Spanish Congreso de los Diputados, Sanchez struggled to pass any meaningful measures.