• Regularity Approval for Copper

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

      MKR#:           03-03-17D

      SUBJECT:     Regularity Approval for Copper

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Utah Commodity Storage, Inc. for regularity for the storage of copper deliverable against the COMEX Copper futures contract at their location at 1735 West I Ave, Bldg 651-South, Tooele, Utah.  The approved capacity at this warehouse is 20,000 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

      Railcar loading additional (per Short Ton)

      $7.00

      Truck/Van loading additional (per Short Ton)

      $4.00

      Truck/Flatbed loading additional (per Short Ton)

      $4.00

      Additional Labor Rate per man hour

      $50.00

      Restocking Fees if necessary (per Short Ton)

      $5.00

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