Shares of chemical and fertilizer producers fall after Citi says the recent spike in natural gas...

|By:, SA News Editor

Shares of chemical and fertilizer producers fall after Citi says the recent spike in natural gas prices could affect Q4 earnings. Natural gas is used as a feedstock for ammonia production and typically makes up 60%-80% of cash costs, which could affect North American producers such as CF Industries (CF -2%) and Agrium (AGU -1.2%). Also: DOW -0.7%, LYB -0.9%.