Speculative positioning in U.S. aluminium futures turned more bullish in the latest reporting period, with net positions climbing from 0.6K to 1.3K contracts, according to data updated on 10 July 2026 by the U.S. Commodity Futures Trading Commission (CFTC).
The move marks more than a doubling in net long exposure, suggesting increased confidence among traders in the near-term outlook for aluminium prices. While the absolute level of positioning remains relatively modest, the sharp week-on-week shift indicates that speculative participants are adding to bets on further gains or tightening market conditions.
Market watchers will now be looking to see whether this uptick in speculative interest continues in subsequent CFTC reports, potentially signaling a more sustained change in sentiment toward the metal.
