Spreadsheet: monika_causholli__28281__Price Forecast
Sheet: Newsprint

Newsprint Forecast |  |  | $
Firm/Analyst | Units | Current | 2000 | 1Q01 | 2Q01 | 3Q01 | 4Q01 | 2001E | 1Q02 | 2Q02 | 3Q02 | 4Q02 | 2002E | 1Q03 | 2Q03 | 3Q03 | 4Q03 | 2003E | 2004E |  | Date |  | Notes
ABG Sundal Collier US | $/mt |  | 566 |  |  |  |  | 580q |  |  |  |  | 466q |  |  |  |  | 493q |  |  | 2001-10-26 00:00:00 |  | 2001E decreased from 588 to 580.  2002E decreased from 490 to 466. 2003E decreased from 532 to 493.
ABG Sundal Collier EUR | $/mt |  | 529 |  |  |  |  | 626 |  |  |  |  | 584q |  |  |  |  | 553q |  |  | 2001-10-26 00:00:00 |  | 2002E decreased from 610 to 584. 2003E decreased from 641 to 553.
[NAME] | $/mt |  | 551 |  |  |  |  | 578 |  |  |  |  | 520 |  |  |  |  |  |  |  | 2001-11-01 00:00:00
CIBC Securities | $/mt | 520 | 565 |  |  |  |  | 590 |  |  |  |  | 530q |  |  |  |  |  |  |  | 2001-10-26 00:00:00 |  | 2002E decreased from 540 to 530
CS First Boston | $/mt | 540 | 558 |  | 613 | 585 | 527q | 583q | 540 |  |  |  | 514q |  |  |  |  |  |  |  | 2001-10-25 00:00:00 |  | 4Q decreased from 547 to 527. 2001E decreased from 588 to 583. 2002E decreased from 570 to 514.
[NAME] | $/mt |  | 545 |  |  |  |  | 615 |  |  |  |  |  |  |  |  |  |  |  |  | 2001-02-08 00:00:00
Deutsche Bank | $/mt | 540 | 567 | 610 | 625 | 585 | 550 | 589 | 530 | 500 | 500 | 530 | 515 |  |  |  |  | 575 |  |  | 2001-11-19 00:00:00
Equity Research Associates | $/mt | 510 | 595 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2001-11-19 00:00:00
First Associate Investment Inc. | $/mt |  |  |  |  |  |  | 565 |  |  |  |  | 600 |  |  |  |  |  |  |  | 2001-08-20 00:00:00
JP Morgan | $/mt | 540 | 564 |  |  |  |  | 583q |  |  |  |  | 553q |  |  |  |  |  |  |  | 2001-10-31 00:00:00 |  | 2001E decreased from 590 to 583. 2002E decreased from 575 to 553.
Lehman Brothers | $/mt |  | 558 |  |  |  |  | 576 |  |  |  |  | 583 |  |  |  |  | 676 |  |  | 2001-07-16 00:00:00
[NAME] | $/mt
[NAME] | $/mt
Merrill Lynch | $/mt | 540 | 564 |  | 625 | 583 | 540 | 590 | 520 | 560 | 580 | 620 | 570 | 620 | 660 | 660 | 660 | 650 | 660 |  | 2001-11-15 00:00:00
Morgan Stanley Dean Witter - E | $/mt | 560 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2001-10-18 00:00:00
Morgan Stanley Dean Witter - W | $/mt | 565
National Bank of Canada | $/mt | 560 | 559 |  | 617 | 580 |  | 580 |  |  |  |  | 535 |  |  |  |  |  |  |  | 2001-10-15 00:00:00
PPW | $/mt |  |  |  |  |  |  | 611 |  |  |  |  | 623 |  |  |  |  |  |  |  | 2001-08-23 00:00:00
[NAME] | $/mt |  |  |  |  |  |  | 585q |  |  |  |  | 550q |  |  |  |  |  |  |  | 2001-10-22 00:00:00 |  | 2001 estimate decreased from 590 to 585. 2002E decreased from 580 to 550.
RISI - East | $/mt |  | 558 |  |  |  |  | 577 |  |  |  |  | 500 |  |  |  |  | 536 |  |  | 2001-10-31 00:00:00
RISI - West | $/mt |  | 562 |  |  |  |  | 578 |  |  |  |  | 503 |  |  |  |  | 541 |  |  | 2001-10-31 00:00:00
Salman Partners | $/mt |  |  |  |  |  |  | 600 |  |  |  |  | 550 |  |  |  |  |  |  |  | 2001-11-05 00:00:00
Salomon Smith Barney | $/mt |  | 564 |  |  |  |  | 592 |  |  |  |  | 540 |  |  |  |  | 610 | 665 |  | 2001-10-10 00:00:00
Scotiabank | $/mt
TD Securities | $/mt |  |  |  |  |  |  | 569 |  |  |  |  | 563 |  |  |  |  |  |  |  | 2001-08-15 00:00:00