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Report Summary 1. Report Industry Investment Rating There is no information about the industry investment rating in the provided content. 2. Core View The report presents the latest data on zinc's fundamentals, including prices, trading volumes, open interests, premiums, and inventories, as well as relevant news. The zinc trend strength is rated as neutral, with a value of 0 [1][3]. 3. Summary by Relevant Catalogs Fundamental Tracking - Prices: The closing price of SHFE zinc main contract was 22,385 yuan/ton, down 0.16%; the closing price of LME zinc 3M electronic trading was 2,990 dollars/ton, down 0.02% [1]. - Trading Volumes: The trading volume of SHFE zinc main contract was 48,772 lots, a decrease of 42,475 lots; the trading volume of LME zinc was 9,480 lots, a decrease of 5,123 lots [1]. - Open Interests: The open interest of SHFE zinc main contract was 88,862 lots, an increase of 21,375 lots; the open interest of LME zinc was 220,789 lots, an increase of 2,373 lots [1]. - Premiums: The premium of Shanghai 0 zinc was 30 yuan/ton, unchanged; the LME CASH - 3M premium was 150.75 dollars/ton, an increase of 50.75 dollars/ton [1]. - Inventories: SHFE zinc futures inventory was 73,668 tons, a decrease of 1,646 tons; LME zinc inventory was 46,075 tons, an increase of 1,000 tons [1]. News The delayed September non - farm payroll report in the US showed conflicting signals in the job market. New jobs significantly exceeded expectations, but the unemployment rate rose to a four - year high of 4.4%. The reports for October and November will be released together on December 16, which may complicate the Fed's decision in December [1].