Speculative positioning in US aluminium futures narrowed slightly in the latest reporting period, according to data updated on 06 March 2026. The CFTC Aluminium speculative net positions improved from -2.9K contracts previously to -2.3K contracts.
While sentiment among speculators remains net bearish, the reduction in short exposure suggests a modest shift in expectations, with some traders paring back negative bets on the metal. Market participants will be watching upcoming macroeconomic data and industrial demand signals to see whether this tentative move away from more extreme net short positioning continues in the weeks ahead.
