Net speculative positions in U.S. aluminium futures have turned less negative, according to the latest data released on 20 March 2026. The Commodity Futures Trading Commission (CFTC) reported that aluminium speculative net positions improved to -0.7K contracts from a previous level of -1.6K.
The move indicates that traders have scaled back their net short exposure in aluminium, suggesting a modest shift in sentiment away from more bearish positioning. While the market remains in net short territory, the narrowing of the deficit highlights a cautious rebalancing among speculative participants in the aluminium market in the United States.
