DATE: May 5, 2022
MKR#: 05-05-22B
SUBJECT: Regularity Approval for Copper, 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 copper, lead, and zinc deliverable against the respective COMEX Copper, Lead, and Zinc futures contracts at their location in New Orleans, LA. The approved capacity for copper at this location is 22,000 short tons. The approved capacity for lead and zinc at this location is 20,000 metric tons.
The primary conveyance designated by the Exchange for lead shall be truck and for zinc shall be rail. 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 lead shall be rail and for zinc shall be truck. The minimum guaranteed daily load out rate for this conveyance shall be 200 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 copper are as follows:
Monthly storage charge per short ton |
$12.00 |
Minimum storage charge per month for less than one lot (partial lots) |
$100.00 |
Inbound handling per short ton (truck & rail) |
$6.00 |
Outbound handling to truck per short ton (FOT) |
$48.00 |
Outbound handling to rail per short ton (FOR) |
$48.00 |
Outbound handling to container per short ton (FIC) |
$48.00 |
Outbound handling to flatbed per short ton (FIF) |
$48.00 |
Weighing charges per short ton |
$7.50 |
Facility receipt (issue & replacement) |
$75.00 |
Bill of lading |
$25.00 |
Blocking and bracing per short ton (truck) |
$7.50 |
Blocking and bracing per short ton (rail car) |
$7.50 |
Blocking and bracing per short ton (container) |
$7.50 |
Additional labor per man hour |
$90.00 |
Restocking fee per short ton for cancelled/changed orders |
$6.00 |
Cancellation charge per shipment cancelled |
$150.00 |
The rates that have been approved by the Exchange to be published on behalf of Henry Bath LLC for lead are as follows:
Monthly storage charge per metric ton |
$13.00 |
Minimum storage charge per month for less than one lot (partial lots) |
$100.00 |
Inbound handling per metric ton (truck & rail) |
$6.00 |
Outbound handling to truck per metric ton (FOT) |
$46.00 |
Outbound handling to rail per metric ton (FOR) |
$50.00 |
Outbound handling to container per metric ton (FIC) |
$50.00 |
Outbound handling to flatbed per metric ton (FIF) |
$46.00 |
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) |
$8.25 |
Blocking and bracing per metric ton (rail car) |
$8.25 |
Blocking and bracing per metric ton (container) |
$8.25 |
Additional labor per man hour |
$90.00 |
Restocking fee per short ton for cancelled/changed orders |
$6.00 |
Cancellation charge per shipment cancelled |
$150.00 |
The rates that have been approved by the Exchange to be published on behalf of Henry Bath LLC for zinc are as follows:
Monthly storage charge per metric ton |
$13.00 |
Minimum storage charge per month for less than one lot (partial lots) |
$100.00 |
Inbound handling per metric ton (truck & rail) |
$7.00 |
Outbound handling to truck per metric ton (FOT) |
$41.00 |
Outbound handling to rail per metric ton (FOR) |
$48.00 |
Outbound handling to container per metric ton (FIC) |
$48.00 |
Outbound handling to flatbed per metric ton (FIF) |
$41.00 |
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) |
$7.50 |
Blocking and bracing per metric ton (rail car) |
$7.50 |
Blocking and bracing per metric ton (container) |
$7.50 |
Additional labor per man hour |
$90.00 |
Restocking fee per short ton for cancelled/changed orders |
$6.00 |
Cancellation charge per shipment cancelled |
$150.00 |
Please refer questions on this subject to:
Market Surveillance:
Joanna Szklarz joanna.szklarz@cmegroup.com (312) 341-5853
The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of May 9, 2022 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.