Summary
[The “urea shortage” continued to decrease the import volume of urea in November by more than 40% year-on-year]Due to the increase in the price of urea, the import volume of urea solution in South Korea increased by nearly 56% year-on-year to 32.14 million U.S. dollars while the import volume decreased. At present, although the shortage of urea in South Korea has eased, market demand is far from being met. According to statistics, in the first 11 months of this year, South Korea’s cumulative import volume of urea was approximately 789,900 tons, a year-on-year increase of 1.1%. Although there is a “urea shortage”, the total amount of imports has not changed much, because the shortage of urea solution only started in October. At present, the possibility of individual businesses hoarding urea solution cannot be ruled out. (CCTV Finance)
According to the Yonhap News Agency citing data released by the Korea Trade Association on the 19th, the import volume of South Korea’s urea solution in November this year was about 39,100 tons, a year-on-year decrease of nearly 43%. Due to the increase in the price of urea, while the volume of imports decreased, South Korea’s November imports of urea solution increased by nearly 56% year-on-year, reaching 32.14 million U.S. dollars (approximately 205 million yuan). At present, although the shortage of urea in South Korea has eased, market demand is far from being met. According to statistics, in the first 11 months of this year, South Korea’s cumulative import volume of urea was approximately 789,900 tons, a year-on-year increase of 1.1%. Although there is a “urea shortage”, the total amount of imports has not changed much, because the shortage of urea solution only started in October. At present, the possibility of individual businesses hoarding urea solution cannot be ruled out.
(Source: CCTV Finance)
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