# S.Korean drivers panic buy urea after China tightens supply

> South Korean drivers are panic buying urea solution after China tightened supply through inspection requirements on fertiliser and related materials. Industrial urea prices in South Korea rose more than 80% year on year to $483 per tonne in September, according to the trade ministry.

- Date: 2021-11-05 · published 2021-11-05T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/43977-s-korean-drivers-panic-buy-urea-after-china-tightens-supply
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

China controls a large share of global urea exports, so its export inspections keep global nitrogen supply constrained and support higher prices.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2021-11-11 | [S.Korea rations urea amid shortage, drivers panic buy](https://feedsoft.ai/events/44344-s-korea-rations-urea-amid-shortage-drivers-panic-buy.md) | -1.3% | -1.8% |
| UREA | 2024-08-14 | [Urea supply tight as China keeps exports low \| The Western Producer](https://feedsoft.ai/events/28672-urea-supply-tight-as-china-keeps-exports-low-the-western-producer.md) | -0.3% | +1.2% |
| UREA | 2023-12-04 | [South Korea to consult China over urea export delays \| Reuters](https://feedsoft.ai/events/32640-south-korea-to-consult-china-over-urea-export-delays-reuters.md) | -1.6% | -4.7% |
| UREA | 2024-08-01 | [Urea in 'tight supply' on cuts in China exports, gas from Egypt: Fertiglobe \| S&P Global](https://feedsoft.ai/events/29104-urea-in-tight-supply-on-cuts-in-china-exports-gas-from-egypt-fertiglobe-s-and-p.md) | +1.4% | +1.4% |
| UREA | 2024-12-09 | [India Urea Tender Rumours Drive Price Surge \| CZ app](https://feedsoft.ai/events/26889-india-urea-tender-rumours-drive-price-surge-cz-app.md) | +2.5% | +9.5% |

## Sources

- reuters.com: https://www.reuters.com/world/china/skorean-drivers-panic-buy-urea-after-china-tightens-supply-2021-11-05/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.