DATE: June 23, 2020
MKR#: 06-23-20
SUBJECT: Regularity Approval for Aluminum, Lead, and Zinc
The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Henry Bath LLC for regularity for the storage of aluminum, lead, and zinc deliverable against the respective COMEX Aluminum, Lead, and Zinc futures contracts at their location in Toledo, OH (Warehouse T-1).
The approved cumulative indoor and outdoor capacity for aluminum at this location is 93,620 metric tons. The approved indoor capacity for lead and zinc at this location is 6,500 metric tons.
The primary conveyance designated by the Exchange for aluminum, lead, and zinc shall be truck. Primary conveyance shall be subject to the minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.B.3.b., contingent on any pending conveyance orders submitted prior to the primary conveyance order.
The alternative conveyance designated by the Exchange for aluminum shall be rail. The minimum guaranteed daily load out rate for this conveyance shall be 500 metric tons which shall be published in the Interpretations & Special Notices Related to Chapter 7. In electing an alternate conveyance, the minimum guaranteed daily load out rate for the alternate conveyance shall apply absent any pending conveyance orders submitted prior to the alternate conveyance order.
At all times, the regular facility shall be required to meet a cumulative minimum guaranteed daily load out rate as prescribed in NYMEX Chapter 7, Rule 703.B.3.b. for all pending load out orders, on a first come first served basis.
The rates that have been approved by the Exchange to be published on behalf of Henry Bath LLC for aluminum, lead, and zinc are as follows:
Monthly storage charge per metric ton |
$13.00 |
Minimum storage charge per month for less than one lot (partial lots) |
$115.00 |
Storage – outdoor per metric ton per month or part thereof (*COMEX Aluminum Only*) |
$13.00 |
Inbound handling per metric ton (truck & rail) |
$6.62 |
Outbound handling per metric ton (FOT) |
$40.00 |
Outbound handling per metric ton (FOR) |
$47.50 |
Outbound handling to container per metric ton (FIC) |
$47.50 |
Outbound handling to flatbed per metric ton (FIF) |
|
Weighing charges per metric ton |
$7.50 |
Facility receipt (issue & replacement) |
$75.00 |
Bill of lading |
$25.00 |
Blocking and bracing per metric ton (truck) |
$100.00 per truck |
Blocking and bracing per metric ton (rail) |
$300.00 per rail car |
Blocking and bracing per metric ton (container) |
$300.00 per container |
Additional labor per man hour |
$80.00 |
Restocking fee per metric ton for cancelled/changed orders |
$8.50 |
Cancellation charge per shipment cancelled |
$75.00 |
The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of June 29, 2020 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.
Please refer questions on this subject to:
Market Surveillance:
Terry Gehring Terry.Gehring@cmegroup.com (312) 435-3644