锌：震荡盘整

Report Industry Investment Rating - The investment rating for zinc is "sideways consolidation" [1] Core View - The report provides a comprehensive analysis of the zinc market, including price movements, trading volume, open interest, and inventory levels, as well as relevant news and trend strength [1] Summary by Relevant Catalogs Fundamental Tracking - Price: The closing price of the Shanghai Zinc main contract was 22,125 yuan/ton, down 0.65% from the previous day, while the LME Zinc 3M electronic disk closed at 2,873 dollars/ton, up 0.54% [1] - Volume: The trading volume of the Shanghai Zinc main contract was 100,465 lots, a decrease of 33,120 lots, and the LME Zinc trading volume was 9,065 lots, a decrease of 1,628 lots [1] - Open Interest: The open interest of the Shanghai Zinc main contract was 108,199 lots, an increase of 2,698 lots, and the LME Zinc open interest was 199,723 lots, a decrease of 989 lots [1] - Premium and Discount: The premium of Shanghai 0 zinc was -65 yuan/ton, an increase of 5 yuan/ton, and the LME CASH - 3M premium was 16.46 dollars/ton, a decrease of 5.98 dollars/ton [1] - Inventory: The Shanghai Zinc futures inventory was 42,681 tons, a decrease of 26 tons, and the LME Zinc inventory was 51,025 tons, a decrease of 2,050 tons [1] News - The US non - farm annual revision was worse than expected, with a downward revision of 911,000. This has increased the pressure on the Fed to cut interest rates [1] Trend Strength - The trend strength of zinc is 0, indicating a neutral outlook [1][3]