Containerboard Market Update

Best estimates for pricing on containerboard for December shipments reflect a decrease of $10-20/ton. January forecasted to be more pressure on pricing, in fact pressure will be constant for at least first half of 2009. 2008 ended with lower operating rates (hovering around 85%) and inventories up while shipments were down. Two big machines remain down (Missoula, MT and Ontonagon, MI).