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Indonesia, with more than 17,000 islands and a population of about 280 million, has Southeast Asia’s biggest economy and a gross domestic product of $1.4 trillion. Its thriving e-commerce and export sectors attract global brands like Unilever, Danone, and Nestlé, driving demand for corrugated packaging.Many key exports like textiles, rubber, crude palm oil, and fishery products depend on corrugated packaging. The containerboard market is expected to grow, with the domestic economy bolstering the corrugated packaging market.But challenges persist in the form of an oversupply of containerboard due to a dampened Chinese economy and internal market issues, and reduced Ramadan spending. These factors create unique market dynamics, providing a basis for newsworthy reports and assessments.The proposed price specifications are as follows:Containerboard, testliner, recycled linerboard, delivered Indonesia, Rupiah/kgQuality: Bkraft/testliner 125 gsm basis weightQuantity: 20 to 35 tonnesLocation: Delivered, IndonesiaTiming: Spot and contract cargoesUnit: Rupiah per kilogramPayment terms: Minimal credit 30 days. Normal pay 60 days after deliveryPublication: Monthly, first Friday of the month, 2pm Singapore timeContainerboard, recycled medium/fluting, delivered Indonesia, Rupiah/kgQuality: Corrugating medium 125 to 150 gsm basis weightQuantity: 20 to 35 tonnesLocation: Delivered, IndonesiaTiming: Spot and contract cargoesUnit: Rupiah per kilogramPayment terms: Minimal credit 30 days. Normal pay 60 days after deliveryPublication: Monthly, first Friday of the month, 2pm Singapore time
The prices will be part of the Fastmarkets Paper Packaging price package.The consultation period for this proposed launch starts on Wednesday September 10 and will end on Wednesday October 8. The launch will take place, subject to market feedback, on Friday October 10. To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Ruth Loh by email at ruth.loh@fastmarkets.com. Please add the subject heading “FAO: Ruth Loh, re: Indonesia domestic containerboard prices.”Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.