FX.co ★ Aluminium Bears Ease Slightly as CFTC Net Shorts Narrow in Latest Data

Speculative positioning in U.S. aluminium futures turned marginally less bearish in the latest reporting period, according to CFTC data updated on 14 August 2026. Net speculative positions improved to -0.8K contracts, up from -0.9K previously, signaling a modest reduction in overall short exposure.

While positioning remains in net short territory, the slight move toward neutrality suggests some traders may be paring back expectations for further downside in aluminium prices or locking in profits after earlier bearish bets. The shift is small in absolute terms but may indicate early signs of changing sentiment among speculative participants in the aluminium market.