• Regularity Approval for Copper

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

      MKR#:           03-03-17C

      SUBJECT:     Regularity Approval for Copper

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Metal Ox Warehousing, Inc. for regularity for the storage of copper deliverable against the COMEX Copper futures contract at their location at (Freeport-Center, Bldg Y-15) Clearfield, Utah.  The approved capacity at this warehouse is 11,000 short tons.

      The storage and handling charges are as follows:

      Monthly Storage Charge per Short ton

      $10.00

      Handling outbound per short ton – truck

      $42.00

      Handling outbound per short ton – rail

      $42.00

      Documentation Charge (per bill of lading)

      $20.00

      Blocking and Bracing per short ton (Truck)

      $4.00

      Blocking and Bracing per short ton (Rail)

      $4.00

      Additional Labor Rate per man hour

      $32.00

      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 March 6, 2017 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.