• Regularity Approval for Copper

      • From
      • Registrar's Office
      • #
      • MKR04-16-20
      • Notice Date
      • 16 April 2020
      • Effective Date
      • 16 April 2020
    • DATE:             April 16, 2020

      MKR#:            04-16-20

      SUBJECT:      Regularity Approval for Copper

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Tucson Port Authority, LLC for regularity for the storage of copper deliverable against the COMEX Copper futures contract at their location in Tucson, AZ (Kolb Rd). The approved capacity at this warehouse is 60,000 short tons.

      The rates that have been approved by the Exchange to be published on behalf of Tucson Port Authority, LLC for copper are as follows:

      Monthly storage per short ton per month

      $10.00

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

      $40.00

      Handling Outbound per short ton (truck, rail, and container)

      $42.00

      Weighing charges per short ton

      $4.00

      Facility receipt (issue and replacement)

      $10.00

      Bill of lading

      $10.00

      Blocking and Bracing per short ton (truck and container)

      $5.00

      Blocking and Bracing per short ton (rail car)

      $7.50

      Additional labor per man hour

      $20.00

      Restocking fee per short ton for cancelled/changed orders

      $4.00

      Cancellation charge per shipment cancelled

      $100.00

      Please refer questions on this subject to:

      Market Surveillance:

      Kyle Miller                     kyle.miller@cmegroup.com                                (312) 341-3436

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of April 20, 2020 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.