• REGULARITY APPROVAL FOR ALUMINUM

      • From
      • Registrar's Office
      • #
      • MKR05-19-16
      • Notice Date
      • 19 May 2016
      • Effective Date
      • 19 May 2016
    • DATE:          May 19, 2016

      MKR#:         05-19-16

      SUBJECT:   REGULARITY APPROVAL FOR ALUMINUM

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Engelhart Warehousing (US) LLC (initially applied under BTG Pactual Commodities Warehousing (US) LLC) for regularity for the storage of aluminum deliverable against the COMEX Aluminum futures contract at their warehouse in Detroit, MI. 

      The approved cumulative indoor and outdoor capacity at this warehouse is 50,000 metric tons. 

      The primary conveyance designated by the Exchange shall be truck.  Primary conveyance shall be subject to the minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.B.3.b.

      At all times, the regular warehouse shall be required to meet a cumulative minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.B.3.b. for all pending load out orders.

      The storage and handling charges are as follows:

      Storage charge per metric ton per month indoors

      $11.00

      Storage charge per metric ton per month outdoors

      $9.00

      Inbound Handling per metric ton (Truck)

      $10.00

      Outbound Handling per Metric Ton (Truck)

      $35.00

      Weighing Charge per Metric Ton

      $5.00

      Facility Receipt (Issue)

      $25.00

      Facility Receipt (Replacement)

      $100.00

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of May 23, 2016 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

      Please refer questions on this subject to:

      Market Surveillance:

      Terry Gehring                            Terry.Gehring@cmegroup.com                           (312) 435-3644