• REGULARITY APPROVAL FOR COPPER

      • From
      • Registrar's Office
      • #
      • MKR10-28-16B
      • Notice Date
      • 28 October 2016
      • Effective Date
      • 28 October 2016
    • DATE:            October 28, 2016

      MKR#:           10-28-16B

      SUBJECT:     REGULARITY APPROVAL FOR COPPER

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of 4STOX NV for regularity for the storage of copper deliverable against the COMEX Copper futures contract at their warehouse in Tucson, Arizona.  The approved capacity at this warehouse is 32,000 short tons. 

      This location was previously Southwest Commodity Warehouse, LLC and 4STOX NV is assuming the responsibility of the copper currently stored with the Exchange.  This warehouse will retain the 5904 warehouse code.

      4STOX NV will implement new rates in connection with the storage and withdrawal of copper at its warehouse located in Tucson, AZ.  The new rates, presented below, reflect the maximum amount of fees that can be charged. 

      In accordance with Exchange rules, the new rate schedule will become effective on February 1, 2017.

       

      Monthly Storage Charge per Short ton

      $9.75

      Handling inbound per short ton – truck

      $6.00

      Handling inbound per short ton – rail

      $6.00

      Handling outbound per short ton – truck

      $35.00

      Handling outbound per short ton – rail

      $40.00

      Bill of Lading

      $25.00

      Preparation of Warehouse Receipt

      $75.00

      Replacement of Warehouse Receipt

      $75.00

      Insurance Premiums

      $0.00

      Blocking and Bracing per short ton (Truck)

      $5.50

      Blocking and Bracing per short ton (Rail)

      $7.50

      Side Loading per short ton (Flatbeds)

      $4.00

      Cancellation Charge per shipment cancelled

      $100.00

      Additional Labor Rate per man hour

      $75.00

      Weighing per short ton

      $5.00

      Minimum storage charge per month for less than one lot

      $100.00

       

      Please refer questions on this subject to:

      Market Surveillance:

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

       

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of October 31, 2016 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.