• Regularity Approval for Copper

      • From
      • Registrar's Office
      • #
      • MKR04-05-18
      • Notice Date
      • 05 April 2018
      • Effective Date
      • 05 April 2018
    • DATE:            April 5, 2018

      MKR#:           04-05-18

      SUBJECT:     Regularity Approval for Copper

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of ISTIM Metals LLC for regularity for the storage of copper deliverable against the COMEX Copper futures contract at their location in Tooele, UT.  The approved capacity at this warehouse is 43,761 short tons.

      The rates that have been approved by the Exchange to be published on behalf of ISTIM Metals LLC for copper are as follows:

       

      Storage per short ton per month

      $11.00

      Minimum Storage charge per month for less than one lot (partial lots)

      $100.00

      Outbound handling to truck per short ton (FOT)

      $45.00

      Outbound handling to rail per short ton (FOR)

      $49.00

      Weighing charge per short ton

      $5.50

      Facility Receipts (Issue and Replacement)

      $75.00

      Blocking and bracing per short ton (truck)

      $7.50

      Blocking and bracing per short ton (rail)

      $5.50

      Issuance of Bill of lading (truck and rail)

      $25.00

      Additional Labor per man hour (1 hour minimum)

      $75.00

      Cancellation Charge per short ton cancelled

      $100.00

      Restocking fees for changed/cancelled shipping orders per short ton

      $5.00

      Inbound handling per short ton

      $6.00

      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 April 09, 2018 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.