18,700 tons of elements contracted by Korean companies with the Chinese side are expected to be brought into Korea soon.
It is expected that the amount of urea can be alleviated with a quantity equivalent to 2-3 months of domestic demand.
The Ministry of Foreign Affairs announced today (10th), "As a result of communicating with the Chinese side through various channels to expedite the process of importing urea from China, it has been confirmed that the export procedures for 18,700 tons of machinery and medicines of Korean companies will be carried out." I did.
He added that the Chinese mission also confirmed that the inspection of some of the elements that Korean companies applied for before export had been completed.
It is said that the amount of export inspection applications is about 7,000 tons, but it is not known how many of these inspections have been completed.
Considering that the urea content of urea water is about 30%, this is a quantity that can produce 56,100 tons of urea water.
According to the industry, the number of urea used by domestic cars in one month is 24,000 to 27,000 tons, and it can be used for two to three months if the contract volume with China is normally received.
China has recently put the brakes on exports by obligating pre-export inspections as the quantity of urea is running short due to the recent shortage of coal and electricity in China.
As a result, there was a shortage of essential elements for the operation of diesel trucks, which put an emergency in the domestic logistics network.
In response, diplomatic authorities have been intensively negotiating with the Chinese side, prioritizing the introduction of elements that Korean companies have already signed but have not been able to import from China.
In this regard, it was previously stated that the amount of urea under discussion with China is about 18,000 tons.
As the Chinese side confirmed the 'export process' to the diplomatic authorities, it is expected that the domestic introduction will be an important opportunity in resolving the supply and demand shortage of urea through cooperation with the local authorities.