FX.co ★ Speculative Calm: CFTC Aluminium Net Positions Go Flat

In a noteworthy shift for commodity traders, the United States Commodity Futures Trading Commission (CFTC) has reported that speculative net positions in aluminium have shifted from negative to a neutral stance. Data updated as of 09 May 2025 indicates a change from a previous position of -0.3K to 0.0K.

This development signals a moment of equilibrium in the aluminium futures market, possibly indicating a pause in trading sentiment while investors reconsider their strategies. Previously at -0.3K, the net positions reflected a bearish outlook with short positions outweighing the long. However, a shift to 0.0K suggests that market participants may be reassessing assumptions around aluminium's market conditions and potential future price directions.

The update marks a period of speculative calm, as trading sentiment balances in anticipation of further market cues. Stakeholders and traders will likely keep a close watch on upcoming economic indicators and geopolitical factors that might influence aluminium's supply and demand dynamics, and in turn, affect market movements in times ahead.