鞍山椎苯新材料有限公司

South Korea's response to urea supply challenges: signing a contract with a third country to ensure 4.3 months of inventory

In the context of the Chinese government’s suspension of urine exports, South Korea has secured sufficient supply of automotive urine to meet national demand for up to 4.3 months through cooperation with third countries, coupled with existing inventories, which demonstrates South Korea’s strategic flexibility and efficiency in addressing global supply chain challenges.

According to the South Korean Ministry of Industry and Commerce Resources on the 10th, Deputy Minister Zhang Eiching personally traveled to a gas station in the Yangtze River district of Seoul on the same day to check the inventory and supply of automotive urine solution. He noted that about 97 percent of the country's gas stations are selling urine solution normally, showing the stability of urine supply. At present, domestic inventory and third-country purchases jointly guarantee 4.3 months of use demand, so people do not need to accumulate the goods.

In concrete operations, South Korean enterprises have taken active action to ease pressure from China's urine export suspension. According to industry reports, a South Korean enterprise recently signed an important contract with Vietnam involving the import of 5,000 tons of industrial urine. The signing of this contract not only eased the immediate supply pressure, but also demonstrated South Korea's capacity to stress in international trade.

In addition, government officials mentioned that South Korean enterprises are willing to import urine from third countries at prices higher than 10 to 20 percent in China. The South Korean government is considering support measures such as subsidies for additional costs incurred by enterprises for this. This support demonstrates the government’s determination and ability to ensure the supply of critical industrial materials.

This series of measures not only ensures a stable supply of Korean automotive urea but also provides some reassurance for Korean and citizens in the environment of increased uncertainty in the global supply chain.

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