FX.co ★ Speculators Turn Net Long on Aluminium as CFTC Positions Swing Positive

CFTC data released on 10 April 2026 show that speculative sentiment in the U.S. aluminium market has shifted into positive territory. Aluminium speculative net positions moved from -0.9K in the previous reading to 0.3K currently, indicating that speculative traders have turned net long on the metal.

The move from a modest net short to a small net long position suggests a cautious improvement in expectations for aluminium. While the absolute size of the shift is limited, the change in direction may reflect evolving views on demand, supply conditions or broader macroeconomic trends affecting industrial metals.

Market participants will be watching subsequent CFTC reports to see whether this initial positive turn in speculative positioning consolidates into a stronger trend or proves to be a short-lived adjustment.