Platinum COT Report — Net Positioning
Platinum futures · NYMEX · CFTC contract code 076651
Latest positioning
Week ending 8 September 2026 · added 976 on the week · open interest 67,810 (-249)
Net speculative position — last 52 weeks
The current reading sits in the 52th percentile of its 3-year range — over the past 3 years, the net position has been lower than it is now 52% of the time. A high reading means the position is crowded by its own historical standards; it is context, not a forecast.
All three cohorts
| Category | Net position | Week change |
|---|---|---|
| Large speculatorsFunds and managed money | +15,976 | +976 |
| CommercialsProducers, users and banks hedging physical exposure | -19,848 | -543 |
| Small tradersBelow the CFTC reporting threshold | +3,872 | — |
The three cohorts net to zero between them — every long has a short on the other side. Commercials being heavily short is normal for a produced commodity and is not a bearish view; it is a hedge against inventory they already own.
Weekly history
| Week ending | Specs net | Open interest |
|---|---|---|
| 8 Sep 2026 | +15,976 | 67,810 |
| 1 Sep 2026 | +15,000 | 68,059 |
| 25 Aug 2026 | +15,386 | 64,648 |
| 18 Aug 2026 | +13,039 | 60,129 |
| 11 Aug 2026 | +13,540 | 56,771 |
| 4 Aug 2026 | +14,761 | 55,848 |
| 28 Jul 2026 | +11,635 | 53,658 |
| 21 Jul 2026 | +12,484 | 53,721 |
| 14 Jul 2026 | +13,748 | 53,837 |
| 7 Jul 2026 | +13,872 | 53,645 |
| 30 Jun 2026 | +15,001 | 53,719 |
| 23 Jun 2026 | +15,095 | 57,738 |
| 16 Jun 2026 | +14,608 | 62,420 |
| 9 Jun 2026 | +15,012 | 62,457 |
| 2 Jun 2026 | +17,212 | 65,697 |
| 26 May 2026 | +17,658 | 62,711 |
| 19 May 2026 | +17,908 | 62,782 |
| 12 May 2026 | +20,712 | 63,375 |
| 5 May 2026 | +17,785 | 60,646 |
| 28 Apr 2026 | +18,550 | 61,055 |
| 21 Apr 2026 | +20,536 | 61,997 |
| 14 Apr 2026 | +20,603 | 62,452 |
| 7 Apr 2026 | +18,038 | 59,884 |
| 31 Mar 2026 | +16,337 | 60,515 |
| 24 Mar 2026 | +16,198 | 61,473 |
| 17 Mar 2026 | +16,898 | 67,292 |
| 10 Mar 2026 | +14,690 | 68,758 |
| 3 Mar 2026 | +13,832 | 70,154 |
| 24 Feb 2026 | +13,240 | 72,351 |
| 17 Feb 2026 | +12,347 | 69,291 |
| 10 Feb 2026 | +12,084 | 69,061 |
| 3 Feb 2026 | +13,106 | 73,590 |
| 27 Jan 2026 | +13,922 | 79,441 |
| 20 Jan 2026 | +15,124 | 79,009 |
| 13 Jan 2026 | +17,594 | 78,337 |
| 6 Jan 2026 | +18,110 | 79,050 |
| 30 Dec 2025 | +18,042 | 82,836 |
| 23 Dec 2025 | +19,343 | 90,330 |
| 16 Dec 2025 | +23,293 | 97,095 |
| 9 Dec 2025 | +19,890 | 90,356 |
| 2 Dec 2025 | +15,980 | 87,659 |
| 25 Nov 2025 | +15,979 | 83,676 |
| 18 Nov 2025 | +16,573 | 83,408 |
| 10 Nov 2025 | +18,885 | 80,545 |
| 4 Nov 2025 | +18,694 | 78,849 |
| 28 Oct 2025 | +19,550 | 78,306 |
| 21 Oct 2025 | +16,874 | 81,364 |
| 14 Oct 2025 | +18,953 | 88,642 |
| 7 Oct 2025 | +18,341 | 90,867 |
| 30 Sep 2025 | +21,765 | 91,091 |
| 23 Sep 2025 | +22,042 | 97,978 |
| 16 Sep 2025 | +15,203 | 100,289 |
Source: CFTC Commitments of Traders (Legacy, futures only) — a US government work, public domain. Positions are measured Tuesday and published the following Friday at about 15:30 ET, so this report is always at least three days behind the market. Positioning describes how traders are placed; it is not a forecast.