• Storage and Handling Rate Changes for C. Steinweg (Baltimore), Inc.

      • From
      • Registrar's Office
      • #
      • MKR08-02-19H
      • Notice Date
      • 02 August 2019
      • Effective Date
      • 01 November 2019

    • DATE:            August 2, 2019

      MKR#:           08-02-19H

      SUBJECT:     Storage and Handling Rate Changes for C. Steinweg (Baltimore), Inc.

       

      C. Steinweg (Baltimore), Inc., a COMEX Warehouse for the storage and delivery of copper, lead, and zinc deliverable against the Exchange’s Copper, Lead, and Zinc futures contracts, will implement new rates in connection with the storage and withdrawal of copper, lead, and zinc at its facility located in Baltimore, MD. The new rates, presented below, reflect the maximum amount of fees that can be charged.

      In accordance with Exchange rules, the new rate schedule will become effective on November 1, 2019.

       

      New Storage Rates

      RATES AND CHARGES FOR COPPER AT BALTIMORE, MD

      Monthly storage charge per short ton

      $11.56

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

      $115.00

      Inbound handling per short ton (truck & rail)

      Billed Separately

      Outbound handling to truck per short ton (FOT)

      $39.70

      Outbound handling to rail car per short ton (FOR)

      $47.64

      Outbound handling to container per short ton (FIC)

       

      Outbound handling to flatbed per short ton (FIF)

       

      Weighing charges per short ton

      $7.85

      Facility receipt (issue & replacement)

      $85.00

      Bill of lading

      $22.50

      Blocking and bracing per short ton (truck)

      $4.50

      Blocking and bracing per short ton (rail car)

      $4.50

      Blocking and bracing per short ton (container)

       

      Additional labor per man hour

      $84.75

      Restocking fee per short ton for cancelled/changed orders

       

      Cancellation charge per shipment cancelled

       

       

      New Storage Rates

      RATES AND CHARGES FOR LEAD AND ZINC AT BALTIMORE, MD

      Monthly storage charge per metric ton

      $14.50

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

      $115.00

      Inbound handling per metric ton (truck & rail)

      Billed Separately

      Outbound handling to truck per metric ton (FOT)

      $43.75

      Outbound handling to rail car per metric ton (FOR)

      $52.50

      Outbound handling to container per metric ton (FIC)

       

      Outbound handling to flatbed per metric ton (FIF)

       

      Weighing charges per metric ton

      $8.65

      Facility receipt (issue & replacement)

      $85.00

      Bill of lading

      $22.50

      Blocking and bracing per metric ton (truck)

      $5.00

      Blocking and bracing per metric ton (rail car)

      $5.00

      Blocking and bracing per metric ton (container)

       

      Additional labor per man hour

      $84.75

      Restocking fee per short ton for cancelled/changed orders

       

      Cancellation charge per shipment cancelled

       

       

      The Commodity Futures Trading Commission (CFTC) will be notified of the rate changes during the week of November 4, 2019 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

       

      Please refer questions of this subject to:

      Market Surveillance

      Terry Gehring                            Terry.Gehring@cmegroup.com                           (312) 435-3644

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