• Regularity Approval for Copper

      • From
      • Registrar's Office
      • #
      • MKR01-17-19
      • Notice Date
      • 17 January 2019
      • Effective Date
      • 17 January 2019

    • DATE:             January 17, 2019

      MKR#:             01-17-19

      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 in Detroit, MI. The approved capacity at this warehouse is 44,000 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

      $11.00

      Handling Outbound per short ton (truck & rail)

      $44.00

      Blocking and Bracing per short ton

      $6.00

      Documentation Charge (per bill of lading)

      $20.00

      Labor Rate per Hour (for additional labor requested)

      $45.00

      Additional charge per short ton for flatbed loading

      $5.00

      Restocking fee per short ton for cancelled/changed orders

      $5.00

      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 January 21, 2019 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

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