FX.co ★ Speculators Trim Bearish Bets in U.S. Aluminium Futures as Net Shorts Narrow

Speculative positioning in U.S. aluminium futures turned less negative in the latest reporting period, according to updated data on CFTC aluminium speculative net positions. The net short stance narrowed from -2.3K contracts previously to -1.6K contracts, indicating a modest reduction in bearish sentiment among market participants.

The shift, updated as of 13 March 2026, suggests that some traders have scaled back their expectations for further downside in aluminium prices or have begun to re-balance their exposure. While positioning remains in net short territory, the move toward a smaller negative reading may signal growing caution about maintaining aggressively bearish bets in the current market environment.