锌：基本面有支撑，价格企稳

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The fundamentals of zinc provide support, and the price is stabilizing [1] Group 3: Summary by Relevant Catalog 1. Fundamental Tracking - Price: The closing price of the Shanghai zinc main contract was 22,705 yuan/ton, down 2.66%; the closing price of the LME zinc 3M electronic disk was 3,132.5 US dollars/ton, down 3.11% [1] - Volume: The trading volume of the Shanghai zinc main contract was 128,770 lots, an increase of 24,650 lots; the trading volume of LME zinc was 16,533 lots, an increase of 3,129 lots [1] - Open Interest: The open interest of the Shanghai zinc main contract was 104,612 lots, an increase of 38,701 lots; the open interest of LME zinc was 208,797 lots, an increase of 607 lots [1] - Premium and Discount: The premium and discount of Shanghai 0 zinc was -85 yuan/ton, an increase of 10 yuan/ton; the LME CASH - 3M premium and discount was -41.47 US dollars/ton, an increase of 6.7 US dollars/ton [1] - Inventory: The Shanghai zinc futures inventory was 102,604 tons, an increase of 1,341 tons; the LME zinc inventory was 117,850 tons, a decrease of 175 tons [1] 2. News - The European Central Bank has kept interest rates unchanged at 2% for the sixth consecutive time. Due to the Middle East conflict, its policy stance has become tougher. Traders have reduced their bets on ECB rate hikes, expecting a 61 - basis - point increase by the end of the year [2] - The bond market's expectation of the Fed's policy path has changed from rate cuts to rate hikes. The unexpected hawkish stance of the Bank of England and the decline in the number of initial jobless claims have led to the elimination of the Fed's rate - cut expectations [2][3] 3. Trend Intensity - The trend intensity of zinc is 0, indicating a neutral view [3]