• Regularity Approval for Copper, Lead, and Zinc

      • From
      • Registrar's Office
      • #
      • MKR04-19-18
      • Notice Date
      • 19 April 2018
      • Effective Date
      • 19 April 2018
    • DATE:              April 19, 2018

      MKR#:             04-19-18

      SUBJECT:       Regularity Approval for Copper, Lead, and Zinc

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of ISTIM Metals LLC for regularity for the storage of copper, lead, and zinc deliverable against the COMEX Copper, Lead, and Zinc futures contract at their location in New Orleans, LA.  The approved capacity at this warehouse is 38,580 short tons for copper and 35,000 metric tons for lead and zinc.

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

       

      RATES AND CHARGES FOR COPPER

      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)

      $5.50

      Blocking and bracing per short ton (rail)

      $7.50

      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


      RATES AND CHARGES FOR LEAD

      Storage per metric ton per month

      $15.50

      Outbound handling to truck per metric ton (FOT)

      $45.00

      Outbound handling to rail per metric ton (FOR)

      $49.50

      Weighing charge per metric ton

      $8.15

      Facility Receipts (Issue and Replacement)

      $75.00

      Blocking and bracing per metric ton (truck)

      $4.75

      Blocking and bracing per metric ton (rail)

      $4.50

      Issuance of Bill of lading (truck and rail)

      $30.00

      Additional Labor per man hour (1 hour minimum)

      $80.00

      Inbound handling per metric ton

      $7.50

      RATES AND CHARGES FOR ZINC

      Storage per metric ton per month

      $15.00

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

      $100.00

      Outbound handling to truck per metric ton (FOT)

      $45.00

      Outbound handling to rail per metric ton (FOR)

      $49.50

      Weighing charge per metric ton

      $9.00

      Facility Receipts (Issue and Replacement)

      $80.00

      Blocking and bracing per metric ton (truck)

      $4.25

      Blocking and bracing per metric ton (rail)

      $4.50

      Issuance of Bill of lading (truck and rail)

      $25.00

      Additional Labor per man hour (1 hour minimum)

      $80.00

      Dunnage Disposal (per rail car inbound)

      $100.00

      Inbound handling per metric ton

      $7.00

       

      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 23, 2018 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.