7,000 Tons of Chinese Urea Applied for Inspection to Be Imported Domestically Soon

[Asia Economy Reporter Yoo In-ho] It is expected that 18,700 tons of urea, contracted by Korean companies with the Chinese side, will soon be sequentially imported into the country.

This quantity corresponds to about 2 to 3 months' domestic demand, so the urea solution shortage is expected to ease somewhat. Among this, about 7,000 tons for which Korean companies have applied for inspection are scheduled to arrive first.

On the 10th, the Ministry of Foreign Affairs stated, "As a result of communicating with the Chinese side through various channels to expedite the import procedures for Chinese-made urea, it was confirmed that export procedures for the 18,700 tons of pre-contracted quantity by our companies will proceed," and added, "It was also confirmed by the Chinese local diplomatic mission that the inspection of some urea quantities for which Korean companies applied before export has been completed."

It is reported that the quantity applied for export inspection is about 7,000 tons, but how much of this has been inspected has not been confirmed.

Considering that the urea content in urea solution is about 30%, this amount can produce 56,100 tons of urea solution.

According to the industry, considering that the domestic monthly consumption of urea solution is 24,000 to 27,000 tons, if the contracted quantity with China arrives normally, it is said that the supply can be sustained for 2 to 3 months.

An official from the Ministry of Foreign Affairs said, "Since the Chinese side has confirmed the progress of export procedures to the diplomatic authorities, if cooperation from local authorities is achieved and the import into the country proceeds, it will be an important opportunity to resolve the urea supply shortage," and added, "The quantity for which inspection has already been applied is about 7,000 tons, and if the import-export procedures are handled by the businesses, the shipment will depart immediately, but the exact timing is unknown."

This content was produced with the assistance of AI translation services.