锌：短期高位，关注量价

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoint of the Report - The report focuses on zinc, indicating it is at a short - term high, and suggests paying attention to volume and price [1] Group 3: Summary by Relevant Catalog 1. Fundamental Tracking - Price and Volume: The closing price of SHFE zinc main contract was 22,410 yuan/ton, up 0.76% from the previous day; the closing price of LME zinc 3M electronic trading was 2,778.5 dollars/ton, up 0.31%. The trading volume of SHFE zinc main contract was 225,824 lots, an increase of 57,715 lots; the trading volume of LME zinc was 12,465 lots, a decrease of 3,000 lots. The open interest of SHFE zinc main contract was 142,428 lots, an increase of 6,790 lots; the open interest of LME zinc was 209,978 lots, a decrease of 962 lots [1] - Premium and Discount: The premium of Shanghai 0 zinc was 50 yuan/ton, down 25 yuan; the premium of Guangdong 0 zinc was 95 yuan/ton, down 50 yuan; the premium of Tianjin 0 zinc was - 40 yuan/ton, down 45 yuan. The LME CASH - 3M premium was - 3 dollars/ton, up 8 dollars; the import bill of lading premium was 135 dollars/ton, unchanged [1] - Inventory: The SHFE zinc futures inventory was 6,372 tons, a decrease of 101 tons; the LME zinc inventory was 119,225 tons, a decrease of 625 tons. The LME zinc cancelled warrants were 27,900 tons, a decrease of 2,875 tons; the LME off - warrant (T + 3) was 39,975 tons, a decrease of 71 tons [1] 2. News - From January to May in China, the profits of industrial enterprises above designated size decreased by 1.1% year - on - year, and in May alone, they decreased by 9.1% year - on - year [2] 3. Trend Intensity - The trend intensity of zinc is 0, with the range of trend intensity being integers in the [-2, 2] interval, where -2 represents the most bearish and 2 represents the most bullish [2]