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Group 1: Report Industry Investment Rating - No information provided on the report industry investment rating Group 2: Report's Core View - The report focuses on zinc, suggesting to pay attention to LME zinc inventory, and the zinc trend strength is neutral with a value of 0 [1][3] Group 3: Summary by Relevant Catalogs Fundamental Tracking - Price and Volume: The closing price of SHFE zinc main contract was 22,345 yuan/ton, up 1.57%; the closing price of LME zinc 3M electronic disk was 3,019.5 dollars/ton, up 0.87%. The trading volume of SHFE zinc main contract was 164,360 lots, an increase of 62,086 lots; the trading volume of LME zinc was 12,135 lots, an increase of 182 lots. The open interest of SHFE zinc main contract was 124,740 lots, a decrease of 7,952 lots; the open interest of LME zinc was 221,889 lots, an increase of 300 lots [1] - Premium and Discount: The premium of Shanghai 0 zinc was -55 yuan/ton, unchanged; the premium of LME CASH - 3M was 338.74 dollars/ton, an increase of 43.74 dollars/ton. The premium of Guangdong 0 zinc was -90 yuan/ton, unchanged; the import bill of lading premium was 135 dollars/ton, unchanged. The premium of Tianjin 0 zinc was -55 yuan/ton, unchanged; the spot import profit and loss of zinc ingots was -5,664.34 yuan/ton, a decrease of 247.52 yuan/ton [1] - Inventory: SHFE zinc futures inventory was 65,529 tons, an increase of 320 tons; LME zinc inventory was 34,700 tons, a decrease of 600 tons. The LME zinc cancelled warrants were 9,850 tons, a decrease of 1,025 tons; the LME off - warrant (T + 3) was 11,581 tons, a decrease of 25 tons [1] - Related Product Prices: The tax - included price of 1.0mm hot - dipped galvanized coil was 4,183 yuan/ton, unchanged. The price of Shanghai Zamak - 5 zinc alloy was 23,275 yuan/ton, an increase of 200 yuan/ton; the price of Shanghai Zamak - 3 zinc alloy was 22,725 yuan/ton, an increase of 200 yuan/ton. The price of zinc oxide ≥99.7% was 21,200 yuan/ton, an increase of 200 yuan/ton [1] News - China and the US will hold economic and trade consultations in Malaysia from October 24th to 27th, with Chinese Vice - Premier He Lifeng leading the Chinese delegation [2] - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China put forward the main goals for economic and social development during the 15th Five - Year Plan period and the goal of achieving significant leaps in economic, technological, national defense, comprehensive national strength and international influence by 2035 [2][3] Trend Strength - The zinc trend strength is 0, indicating a neutral outlook [3]