沪铜、沪锌：铜价或震荡锌价承压，库存有变化

Group 1 - Copper prices are under pressure due to concerns over tariffs, with LME copper closing down 0.69% at $9,784 per ton and Shanghai copper futures settling at 79,390 CNY per ton [1] - LME copper inventory increased by 2,125 tons to 97,400 tons, with a cancellation rate rising to 37.9% [1] - Domestic copper social inventory rose by over 10,000 tons week-on-week, while bonded zone inventory saw a slight decrease [1] Group 2 - Zinc prices also declined, with the Shanghai Zinc Index falling 1.41% to 22,049 CNY per ton, and LME zinc dropping $50 to $2,695.5 per ton [1] - Domestic zinc social inventory increased slightly to 89,100 tons, indicating a higher supply of zinc ore and expectations for increased zinc ingot availability [1] - The cash-to-three-month structure for LME zinc is declining, putting additional pressure on zinc prices [1]