FX.co ★ Speculators Deepen Bearish Bets on Aluminium as CFTC Net Shorts Grow in Mid-October

Aluminium speculators in the United States increased their bearish exposure, according to the latest Commitment of Traders data from the CFTC, updated on 16 October 2026. The aluminium speculative net position fell to -1.1K, down from -0.9K previously, indicating a modest build-up in net short positions.

The shift suggests that traders have become slightly more pessimistic on aluminium prices, with more participants betting on declines rather than gains. While the move from -0.9K to -1.1K is relatively small, it underscores a continuation of negative sentiment among speculative market participants. Investors and industrial users will be watching upcoming macroeconomic and commodity-specific data to see whether this bearish positioning deepens further or starts to unwind in the weeks ahead.