Group 1 - The London Metal Exchange (LME) reported that lead inventory increased to a near two-month high on August 19, but subsequently entered a downward trend, with last week's inventory declining rapidly and this week's inventory continuing to fall, reaching a five-month low of 237,000 tons [1] - The Shanghai Futures Exchange indicated that during the week of September 5, lead inventory continued to rise, increasing by 3.34% to 66,834 tons, marking a five-month high [1] - Generally, a continuous decline in inventories on domestic and international exchanges tends to support prices, while an increase may exert downward pressure on prices [3] Group 2 - The inventory data for LME and Shanghai Futures Exchange since August 2025 shows a significant decrease in LME inventory from 282,950 tons on August 19 to 237,000 tons by September 10, while Shanghai Futures Exchange inventory rose from 64,672 tons on August 29 to 66,834 tons on September 5 [5]

Group 1 - LME zinc inventory decreased to 75,850 tons, marking a near two-year low [1] - SHFE zinc inventory increased by 16.51% to 76,803 tons, reaching a near five-month high [1] - The trend of declining inventories in domestic and international exchanges generally supports futures prices, while increasing inventories may exert downward pressure [3] Group 2 - Comparison of LME and SHFE zinc inventories since 2023 shows significant fluctuations [4]