Ministry of Foreign Affairs: "300 Tons of Vehicle Urea Can Depart from China Next Week"
[Asia Economy Reporter Lee Ji-eun] The Ministry of Foreign Affairs announced that 300 tons of urea for vehicles will be shipped and ready to depart from China by next week. This is a batch for which export inspection has been completed out of the pre-contracted 17,800 tons. The Ministry plans to continue diplomatic support by monitoring additional import volumes.
On the afternoon of the 10th, a Ministry of Foreign Affairs official told reporters, "Out of the 7,100 tons for which pre-export inspection was requested, about 300 tons have completed inspection," adding, "We understand that the shipment will be made next week and departure is possible."
Earlier that morning, the Ministry confirmed to China that export procedures for the pre-contracted 18,700 tons by our companies would proceed, and that inspection of some of the pre-export inspection requested volumes had been completed, according to a statement. The 'some volumes' referred to in the statement correspond to the 300 tons.
The first 300 tons of urea to be brought into the country are for vehicles. Among the pre-contracted 18,700 tons of urea, the vehicle-use portion is known to be slightly over 10,000 tons.
The 300 tons of urea can produce up to 900 tons of diesel exhaust fluid (DEF). Considering that the industry estimates the daily average DEF usage of domestic diesel vehicles to be about 600 to 900 tons, this amount corresponds to just over one day's supply.
Shipment of fertilizer-use urea is also beginning. A Ministry of Foreign Affairs official said, "Separate from the pre-contracted 18,700 tons, 2,700 tons from Company A, contracted at the end of September, have recently started to be shipped," adding, "There is no vehicle-use urea in this shipment; it is industrial and fertilizer-use, and it is expected to arrive as soon as possible." This contract was made before China’s export regulation notice was issued on the 15th of last month.
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The Ministry official stated, "Please understand this as a short-term normalization," and added, "We will continue to monitor, manage, and negotiate to ensure stable importation of diesel exhaust fluid going forward, and will do our utmost in diplomatic support to prevent any supply issues."
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