# (Yonhap Feature) Urea crisis reveals risks of S. Korea's supply chain | Yonhap News Agency

> South Korea is facing a shortage of urea solution used in diesel vehicles, with truck drivers queuing at gas stations. The shortage follows China's restrictions on urea exports since mid-October, which were linked to a coal supply crunch, and South Korea sourced 97.6% of its urea imports from China in the first nine months of the year.

- Date: 2021-11-14 · published 2021-11-14T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/43979-yonhap-feature-urea-crisis-reveals-risks-of-s-korea-s-supply-chain-yonhap-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Chinese export curbs tied to an energy shortage tighten global urea supply, supporting nitrogen fertiliser prices and reinforcing the cost pressure on farm inputs.

## Read by commodity

- UREA: bullish ▲
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-04-20 | [AgroPages-China’s prilled urea sellers await return of India-Agricultural news](https://feedsoft.ai/events/53562-agropages-china-s-prilled-urea-sellers-await-return-of-india-agricultural-news.md) | -1.8% | -19.6% |
| UREA | 2021-11-05 | [S.Korean drivers panic buy urea after China tightens supply](https://feedsoft.ai/events/43977-s-korean-drivers-panic-buy-urea-after-china-tightens-supply.md) | +4.6% | +3.0% |
| UREA | 2020-11-20 | [AgroPages-Urea market fed by the hand of India-Agricultural news](https://feedsoft.ai/events/50467-agropages-urea-market-fed-by-the-hand-of-india-agricultural-news.md) | +9.4% | +7.9% |
| UREA | 2022-01-28 | [Urea market finds liquidity following news of India’s potential return](https://feedsoft.ai/events/43453-urea-market-finds-liquidity-following-news-of-india-s-potential-return.md) | -4.8% | +5.2% |
| 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% |
| DIESEL | 2021-11-12 | [Malaysian granular urea hits $1000pt fob as Chinese absence continues to be felt in the east](https://feedsoft.ai/events/44340-malaysian-granular-urea-hits-1000pt-fob-as-chinese-absence-continues-to-be-felt.md) | -2.5% | -7.8% |
| DIESEL | 2020-07-07 | [Diesel arbitrage flows shift. Is this the new normal? - Vortexa](https://feedsoft.ai/events/52305-diesel-arbitrage-flows-shift-is-this-the-new-normal-vortexa.md) | -2.1% | -0.6% |
| DIESEL | 2020-07-01 | [Sweden reverts to diesel exporter in June - Vortexa](https://feedsoft.ai/events/52309-sweden-reverts-to-diesel-exporter-in-june-vortexa.md) | +5.1% | +6.8% |

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20211112003400320

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