Platinum COT Report
Live CFTC Commitments of Traders positioning for Platinum futures — commercial hedgers versus managed money. Latest report: June 9, 2026.
Positioning signal
bearish
Specs adding shorts (with room to grow)
Z-score (vs 3yr)
-0.66
30.8th percentile
Open interest
62,457
-3,240 WoW
Who's positioned where
Commercials (hedgers)
-20,552
net · 20,452 long / 41,004 short
Managed money (specs)
+15,012
net · 24,826 long / 9,814 short
Commercial net — last 6 months
What this means for Platinum
The CFTC's weekly Commitments of Traders report splits Platinum futures positions into commercials — producers and users hedging real exposure — and managed money, the speculators taking the other side. Commercials are net short here, while specs are net long. Research on hedging pressure finds that when commercial hedgers are unusually net-short, it has historically preceded positive returns — so the z-score (currently -0.66) matters more than the raw number.Platinum ultimately trades on auto-catalyst demand and South African supply, and positioning is one input among those fundamentals.
Educational analysis, not investment advice. Positioning is descriptive and can stay extreme for long stretches.
Other COT reports
New to this? Read how to read the COT report or see the evidence behind hedging-pressure.