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데이터 기준일: 2026-11-05 · 결제 기준: 거래소 결제가(베이징 시간 15:00 종가, 전일 결제 대비)

Tin SN2612 Deep Report | Night Session Plunges to Test Previous Lows, Short Coverage but Trend Remains Bearish | 2026-11-06

Direction: Bearish. Tin SN2612 plunged sharply in the night session from the [11-05 Settlement] 353520 to 343060, down 2.96% MoM, approaching the Oct 4 low of 341050; 20-day decline -10.41%, RV20 at 33.5%, downtrend confirmed with high volatility, retracements offer shorting opportunities. Fundamentals lack support: LME inventory [11-04] 3940 tons, cumulative -385 tons over the last 20 periods; SHFE warrants [11-05] 1574 tons, daily -9.9%, destocking failed to lift prices, reflecting weak demand. Open interest rising on decline (short covering), not active buying; the night session decline on reduced volume indicates long stop-losses. Invalidated condition: Daily close above the next pivot R1 364740, or close below 341050 then stabilizing recovery.