锌：高位震荡

Group 1: Industry Investment Rating - The investment rating for the zinc industry is "High-level oscillation" [1] Group 2: Core Viewpoints - The report presents the latest data on zinc's fundamentals, including prices, trading volumes, open interests, premiums, and inventories, and also mentions relevant news and trend strength [1][2] Group 3: Summary by Relevant Content 1. Zinc Fundamental Data - Prices: The closing price of SHFE Zinc main contract was 22,885 yuan/ton, down 0.56%; the closing price of LME Zinc 3M electronic trading was 2,829 dollars/ton, down 0.40% [1] - Trading Volumes: The trading volume of SHFE Zinc main contract was 152,086 lots, an increase of 83 lots; the trading volume of LME Zinc was 8,275 lots, a decrease of 2,398 lots [1] - Open Interests: The open interest of SHFE Zinc main contract was 129,228 lots, a decrease of 5,707 lots; the open interest of LME Zinc was 190,675 lots, an increase of 2,366 lots [1] - Premiums: Shanghai 0 zinc premium was -20 yuan/ton, down 5 yuan/ton; LME CASH - 3M premium was -1.8 dollars/ton, down 10.8 dollars/ton [1] - Inventories: SHFE zinc futures inventory was 13,289 tons, an increase of 1,349 tons; LME zinc inventory was 115,775 tons, a decrease of 1,125 tons [1] 2. News - The Chinese Ministry of Foreign Affairs clarified its stance on issues such as so - called "overcapacity" and industrial subsidies in China - EU economic and trade relations, emphasizing the complementary and win - win nature of China - EU economic and trade relations and the need for the EU to relax restrictions on high - tech product exports to China [2] 3. Trend Strength - The trend strength of zinc is -1, indicating a relatively bearish sentiment [2][3]