锌：维持震荡

Group 1: Industry Investment Rating - The investment rating for the zinc industry is to maintain a sideways trend [1] Group 2: Core Viewpoints - The report provides a detailed analysis of the zinc market's fundamentals, including price, trading volume, open interest, premium and discount, inventory, etc., and assesses the trend strength of zinc as neutral [1][3] Group 3: Summary by Relevant Catalogs 1. Fundamental Tracking - Price: The closing price of SHFE zinc main contract was 22,310 yuan/ton, up 0.02%; the closing price of LME zinc 3M electronic disk was 2,956 dollars/ton, up 1.76% [1] - Trading Volume: The trading volume of SHFE zinc main contract was 97,830 lots, down 5,773; the trading volume of LME zinc was 14,507 lots, up 4,935 [1] - Open Interest: The open interest of SHFE zinc main contract was 92,003 lots, down 5,694; the open interest of LME zinc was 218,799 lots, up 13,993 [1] - Premium and Discount: Shanghai 0 zinc premium was -70 yuan/ton, down 5; LME CASH - 3M premium was 30.17 dollars/ton, up 4.17 [1] - Inventory: SHFE zinc futures inventory was 51,371 tons, up 5,466; LME zinc inventory was 50,150 tons, down 375 [1] 2. News - Market regulators have launched a further anti - monopoly investigation into NVIDIA for violating the restrictive conditions of its acquisition of Mellanox [2] - More than a dozen mainstream automakers, including SAIC, BYD, Changan, Xiaomi, and Li Auto, have promised to strictly implement the "60 - day payment term" principle [2] 3. Trend Strength - The trend strength of zinc is 0, indicating a neutral outlook [3]