In the latest update from the Commodity Futures Trading Commission (CFTC), the speculative net positions in aluminium have experienced a slight dip. As of July 8, 2024, the net positions stood at 2.2K, down marginally from the previous figure of 2.3K.
This small decrease highlights a cautious sentiment among traders and investors in the aluminium market. The shift could be attributed to various market factors, including global supply chain considerations and fluctuating demand dynamics.
Market observers will be closely monitoring future updates to see if this trend continues or if there's a rebound, as aluminium remains a key industrial metal with significant economic implications.
