• Regularity Approval for Copper

      • From
      • Registrar's Office
      • #
      • MKR09-27-17D
      • Notice Date
      • 27 September 2017
      • Effective Date
      • 27 September 2017
    • DATE:            September 27, 2017

      MKR#:           09-27-17D

      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 in Tooele, UT (Building 621).  The approved capacity at this warehouse is 20,000 short tons.

       

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

      Storage per short ton per month

      $10.00

      Outbound handling per short ton

      $42.00

      Loading of railcars per short ton

      $7.00

      Loading of vans per short ton

      $4.00

      Loading of flatbeds per short ton

      $4.00

      Blocking and bracing

      included

      Bills of lading

      included

      Restocking fees per short ton (if necessary)

      $5.00

      Minimum storage on partial lot (each)

      $100.00

      On Demand Labor Rate (per hour)

      $50.00

       

      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 2, 2017 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.