Speculative positioning in U.S. aluminium futures turned marginally less bearish in the latest reporting period, according to data on CFTC aluminium speculative net positions updated on 24 July 2026. Net positions improved to -0.6K, compared with -0.7K previously.
The modest move indicates that, while speculative traders remain net short aluminium, some bearish bets have been pared back. The shift suggests a slight softening in negative sentiment toward the metal, though positioning still points to caution rather than a decisive turn in market outlook.
