Speculative positioning in U.S. aluminium futures eased slightly in the latest week, according to updated data on CFTC aluminium speculative net positions. Figures released on 15 May 2026 show net long positions slipping to 0.3K contracts, down from 0.4K previously.
The modest reduction suggests a small pullback in bullish sentiment among speculators, though positioning remains in positive territory. The shift may reflect increased caution around near‑term price direction, with traders scaling back exposure rather than making a decisive move into net short territory.
While the adjustment is limited in size, the move will be closely watched by market participants as an incremental sign of changing risk appetite in the aluminium market, particularly if further data confirm a trend of gradually declining net long interest.
