https://au.news.yahoo.com/thewest/business/world/a/28364236/oil-p...

https://au.news.yahoo.com/thewest/business/world/a/28364236/oil-prices-slide-as-opec-sits-tight/

Australian base metals producers/specs are certainly the way to play the zinc story with the AuD helping to insulate prices. With the gain of the U.S. Dollar, the AuD now sits at 0.7623.

Zinc in Aud terms is: 2137.5/0.7623 = $2804.

Enjoy

;-)


BASE METALS: Base or industrial metals prices mostly dropped as the dollar strengthened while copper futures were hit also by concerns about weaker Chinese demand.

"Prices are under pressure due to fears of an imminent slowdown in demand in China, as the second quarter -- traditionally a period of strong demand -- has now passed its peak," said analysts at Commerzbank.

By Friday on the London Metal Exchange, copper for delivery in three months slipped to $5,919.50 a tonne from $6,071.50 a week earlier.

Three-month aluminium fell to $1,730 a tonne from $1,748.

Three-month lead decreased to $1,913 a tonne from $1,972.50.

Three-month tin declined to $15,210 a tonne from $15,450.

Three-month nickel increased to $12,905 a tonne from $12,745.

Three-month zinc slid to $2,137.50 a tonne from $2,207.