锌：存在支撑

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The report tracks the fundamentals of zinc, showing various price, volume, and inventory data, and mentions news about the Fed's stance on interest - rate cuts and the resulting limited information for economic assessment [1][2] 3. Summary by Relevant Content 3.1 Zinc Market Data - Price Data: The closing price of SHFE zinc main contract was 21,825 yuan/ton, up 0.11%; the closing price of LME zinc 3M electronic disk was 3,042 dollars/ton, up 1.25%. The price of 1.0mm hot - dipped galvanized coil (tax - included) was 4,250 yuan/ton, down 3 yuan/ton. The price of Shanghai Zamak - 5 zinc alloy was 23,005 yuan/ton, up 200 yuan/ton; Shanghai Zamak - 3 zinc alloy was 22,455 yuan/ton, up 200 yuan/ton; zinc oxide (≥99.7%) was 21,000 yuan/ton, up 200 yuan/ton [1] - Volume and Position Data: The trading volume of SHFE zinc main contract was 162,377 lots, down 18,168 lots; the trading volume of LME zinc was 13,813 lots, up 4,405 lots. The open interest of SHFE zinc main contract was 127,778 lots, down 14,622 lots; the open interest of LME zinc was 224,342 lots, up 1,685 lots [1] - Premium and Discount Data: Shanghai 0 zinc premium was - 30 yuan/ton, down 5 yuan/ton; Guangdong 0 zinc premium was - 50 yuan/ton, unchanged; Tianjin 0 zinc premium was - 40 yuan/ton, down 5 yuan/ton. LME CASH - 3M premium was 67.56 dollars/ton, up 17.56 dollars/ton; import bill of lading premium was 135 dollars/ton, unchanged [1] - Inventory Data: SHFE zinc futures inventory was 57,221 tons, down 2,043 tons; LME zinc inventory was 38,200 tons, down 1,150 tons. LME zinc cancelled warrants were 10,325 tons, down 1,000 tons; LME off - warrant (T + 3) was 10,645 tons, down 204 tons [1] - Import Profit and Loss Data: The spot import profit and loss of zinc ingots was - 3,178.54 yuan/ton, down 167.49 yuan/ton; the import profit and loss of SHFE zinc continuous third contract was - 2,589.37 yuan/ton, down 90.93 yuan/ton [1] 3.2 News - According to the Fed minutes, most officials believe it may be appropriate to continue easing this year, while a few could have supported not cutting rates in September. The "New Fed Wire" reported that Fed officials were divided on the rate - cut magnitude, and the government shutdown has led to delayed economic data release, limiting the Fed's information for economic assessment [2] 3.3 Trend Intensity - The trend intensity of zinc is 0, indicating a neutral stance. The range of trend intensity is in the [- 2,2] interval, with - 2 being the most bearish and 2 being the most bullish [2][3]