• Regularity Approval for Aluminum, Lead, and Zinc

      • From
      • Registrar's Office
      • #
      • MKR03-03-17B
      • Notice Date
      • 03 March 2017
      • Effective Date
      • 03 March 2017
    • DATE:                        March 3, 2017

      MKR#:                       03-03-17B

      SUBJECT:                 Regularity Approval for Aluminum, Lead, and Zinc

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Metal Ox Warehousing, Inc. for regularity for the storage of aluminum, lead, and zinc deliverable against the respective COMEX Aluminum, Lead, and Zinc futures contracts at their location in Detroit, MI.

      The approved cumulative indoor and outdoor capacity for aluminum at this location is 42,000 metric tons. The approved indoor capacity for lead and zinc at this location is 18,000 metric tons.

      The primary conveyance designated by the Exchange for aluminum, lead, and zinc 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., contingent on any pending conveyance orders submitted prior to the primary conveyance order.

      The alternate conveyance designated by the Exchange for aluminum, lead, and zinc shall be rail.  The minimum guaranteed daily load out rate for this conveyance shall be 500 metric tons which shall be published in the Interpretations & Special Notices Related to Chapter 7.  In electing an alternate conveyance, the minimum guaranteed daily load out rate for the alternate conveyance shall apply absent any pending conveyance orders submitted prior to the alternate conveyance order.

      At all times, the regular facility 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, on a first come first served basis.

      The rates that have been approved by the Exchange to be published on behalf of Metal Ox Warehousing, Inc. for aluminum, lead, and zinc are as follows:

      Handling Outbound per metric ton:

      $40.00

      Storage Charge per metric ton per month indoors:

      $11.70

      Storage Charge per metric ton per month outdoors:

      $6.00

      Blocking and Bracing per metric ton:

      $4.50

      Documentation charge: $20 per bill of lading

      $20.00

      Labor Rate per Hour (for additional labor requested):

      $45.00

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of March 6, 2017 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