[Special Stock] Unid Gains Over 7% on Flexible Raw Material Supply...

[Asia Economy Reporter Kwon Jae-hee] UNID's stock price is showing strength on the 19th. As Belarus and Russia, the top exporters of fertilizer raw materials, face sanctions raising concerns over raw material supply, it is expected that UNID will gain a windfall benefit. UNID imports all of its potassium chloride from Canada.

As of 2:24 PM on the 19th, UNID's stock price is trading at 129,000 KRW, up 7.05% compared to the previous trading day.

UNID is a basic chemical materials company that produces caustic potash and potassium carbonate, used in agriculture, chemicals, and semiconductors, using potassium chloride as a raw material. UNID holds the number one market share worldwide.

On this day, KB Securities analyzed that with the completion of the expansion of the Ulsan plant and the new plant in China, UNID is expected to expand its global sales network and reduce logistics costs, as well as maximize synergy through market preemption effects due to the previous absence of competitors in China.

Han Yoo-geon, a researcher at KB Securities, stated, "Due to the prolonged Russia-Ukraine conflict, China, which has a high import ratio of potassium chloride from Belarus and Russia, is inevitably facing production disruptions. In contrast, UNID, which imports all potassium chloride from Canada, is free from raw material supply issues and is likely to receive a windfall benefit."