ICI (India) Ltd. http://www.alacrastore.com/company-snapshot/ICI_India_Ltd-1071190 Monday, October 13, 2008 2:13:51 AM 1071190 ICI (India) Ltd. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/cs/74993cs/74993norm Ethylene: Can You See The Real Me? Hurricanes Gustav and Ike temporarily short-circuited ##% of the ethylene capacity in the month of September and provided a short-term cash margin boost to producers lucky enough to have missed the...18241471174114248148corp/reportshy39542High Yield10/7/2008 10:06:00 PM150While Gustav/Ike helped tighten fundamentals, the hurricanes did not staunch the inherent challenges-deceleration in demand and increasing low-cost capacity additions-facing the industry, but merely camouflaging them in the near-term.749931284YesD0Article1119881101521491877583151166779651615016669761369134674993Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/73539cs/73539norm Trends In Chems: #Q## Review In #Q##, the demand slowdown and feedstock run-up were prominent themes in the economic-sensitive, energy-intensive sector.    While cost inflation and in particular $###+/bbl crude dominated headlines,...150We remain cautious on petrochemical and chlor-alkali names, due to their weak credit profiles and their particular vulnerability to decelerating demand and rising feedstock costs.735398118YesD0Article112705796216411113561109885161667151152151115011805839401877533182414716661355117313461451174114149248148corp/reportshy53968Earnings Reports - Industrials/Consumer42High Yield9/18/2008 1:04:56 AM73539Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/74052cs/74052norm Ethylene - Energy Drops, But Hurricane Headache Awaits Ethylene transaction prices remain unsettled for August, with buyers pointing at a ##.##¢/lb decline in production cost in their negotiations for a double-digit price decrease. ...740521128YesD0Article9881107961491877111151166715251615058311416661346533182413691471174976248148corp/reportshy39542High Yield9/11/2008 9:05:00 PM150While Gustav has come and gone without effecting pricing by much, Ike may roar up into a big storm, hit the coastal states, and cause a near-term spike in prices.74052Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/bir/949067bir/949067normICI India Ltd.IndiaManufacturing: Manufacture and distribution of paints, rubber chemicals, blasting explosives, agrochemicals, urea and speciality chemicals. Part of the worldwide ICI Group. ISO 14001 certified281928512865286928732879289232513132518832519232531132532032551032592010FH5007109/10/2008 7:46:00 AM949067Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/cs/72789cs/72789norm Ethylene: Prices Follow Energy Down Despite a decline in energy prices, producers failed in its endgame to increase cash margins, as ethylene prices followed suit and dropped with the associated decline in production costs.    Assuming...727891289YesD0Article98811079614918771111511667152516150583114166613468/6/2008 6:05:13 AM150With specialty chemicals having more pricing power and hence price resistance, we anticipate converters will benefit from the energy dynamic at least in the near-term, assuming oil/gas remains at current levels, all else begin equal.533182413691471174976248148corp/reportshy39542High Yield72789Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/71227cs/71227norm Ethylene - Energy Shock Feedstock costs continued its unremitting rise in June, as weighted average cash cost increased #.##¢/lb or ##.#% to ##.##¢lb in the month.    Ethane costs surged ##.#% to ##.##¢/lb in June, as the increased...712271185YesD0Article9881107961491877111151166715251615058311416661346533182413691471174976248148corp/reportshycorp39542High Yield7/2/2008 10:05:12 PM150Ethane costs surged 24.6% to 55.02¢/lb in June, as the increased ethane cracking production and the incremental demand pull from cracker restarts have contributed to lower ethane inventory levels and tightening of fundamentals.71227Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/70643cs/70643norm Trends In Chems: #Q## Review - Economy & Energy Pack One-Two Punch The chemicals sector inaugurates the New Year with solid #Q## results, highlighted by aggregate sales increase and EBITDA gains of ##.#% and ##.#% year-over-year for...706439525YesD0Article110988112705187714911113567961515831511166711805169401501521369182416665331355117313461451142481174148976147corphycorp/reports39542High Yield68Earnings Reports - Industrials/Consumer6/20/2008 2:14:50 AM150With the one-two punch of a slowing economy and rising energy costs, it remains to be seen whether companies will be able recover margins in the coming quarters.70643Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/54231cs/54231norm Ethylene - Strong, But For How Long? The ethylene market strengthened in March, and momentum is carrying into April. The expansion will likely to be exaggerated by lean inventories, rising prices, and exports, which continue to be...16661369134618249762481174114147148corp/reportscorp542High Yield6/17/2008 12:05:37 PM150The ethylene market strengthened in March, and momentum is carrying into April. However, given our outlook for residential construction and auto production, we remain concerned about the duration of the expansion.542311371YesD0Article1119881101521491877583151166779651615053354231Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/70184cs/70184norm Ethylene - Spring Low Lullaby While producers were able to raise prices with average acquisition price increasing #.##¢/lb in the last two months, feedstock costs outpaced prices increases, as average acquisition margins declined #.##¢/lb...701841291YesD0Article9881107961491877111151166715251615058311416661346533182413691471174976248148corp/reportshy39542High Yield6/3/2008 11:06:00 PM150We look at reasons for the weakness in the ethylene market, outline some of the risks inherent in the current market conditions, and examine historical profitability of Equistar and Nova Chemicals against ethylene cash margins.70184Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/56121cs/56121norm Trends in Chems: #Q## - Mild Spring The seasonal recovery continues despite continued weakness in some end markets. In base chemicals, a rebound began in March and continues to unfold, but prices and volumes remain below year-ago levels....533166618241173145134611742481877149976147148bscore/researchcorp/reportshycorp55/14/2008 11:06:25 AM250The seasonal recovery continues despite continued weakness in some end markets. We continue to see the best of times in the prolonged chemical cycle as behind us but don't expect a rapid deterioration in 2007.5612114725YesD8BondScore7051127961101356111988516151166715115831180150940136956121Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/61531cs/61531norm Ethylene: A Not So Merry Christmas for Producers While our base petrochemical names had a relatively healthy #Q## of earnings, the fourth quarter may see producers finding coal in their stocking.  Rising commodity prices have played...1505831141666134653318241369988615311039YesD0Article516150While our base petrochemical names had a relatively healthy 3Q07 of earnings, the fourth quarter may see producers finding coal in their stocking.110796149187711115116671521471174976248148corp/reportscorphy39542High Yield5/14/2008 10:08:48 AM61531Credit & Investment ResearchCreditSights