Natural Gas Prices Fell Last Week, Benefiting Nitrogen Producers
We’re looking at natural gas prices in this series, primarily because they make up about two-thirds of the input costs for nitrogen-based fertilizers. Low natural US gas prices have proved beneficial to companies (NANR) such as CF Industries (CF), Mosaic (MOS), Nutrien (NTR), and CVR Partners (UAN). Let’s see how natural gas performed last week, which ended August 31.