• Storage and Handling Rate Changes for Metal Ox Warehousing, Inc.

      • From
      • Registrar's Office
      • #
      • MKR08-03-23
      • Notice Date
      • 03 August 2023
      • Effective Date
      • 01 November 2023

    • DATE:           August 3, 2023

      MKR#:          08-03-23

      SUBJECT:    Storage and Handling Rate Changes for Metal Ox Warehousing, Inc.

       

      Metal Ox Warehousing, Inc., a COMEX Warehouse for the storage and delivery of copper deliverable against the Exchange’s Copper futures contract, will implement new rates in connection with the storage and withdrawal of copper at its facilities located in Detroit, MI and Ogden, UT. 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, 2023.

       

      New Storage Rates

      RATES AND CHARGES FOR COPPER AT DETROIT, MI AND OGDEN, UT

      Monthly indoor storage charge per short ton

      $14.00

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

      $100.00

      Inbound handling per short ton (truck & rail)

      N/A

       

      Outbound handling to truck per short ton

      $48.00

      Blocking and bracing per short ton (truck)

      $8.00

      Outbound handling to rail car per short ton

      $48.00

      Blocking and bracing per short ton (rail car)

      $8.00

      Outbound handling to container per short ton

      $48.00

      Blocking and bracing per short ton (container)

      $8.00

      Outbound handling to flatbed per short ton

      $48.00

      Blocking and bracing per short ton (flatbed)

      $8.00

      Weighing charges per short ton

      N/A

      Facility receipt (issue and replacement)

      N/A

      Bill of lading

      $20.00

      Additional labor per man hour

      $60.00

      Restocking fee per short ton for cancelled orders

      $5.00

      Cancellation charge per shipment cancelled

      $100.00

       

      Please refer questions of this subject to:

      Market Surveillance

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

       

      The Commodity Futures Trading Commission (CFTC) will be notified of the rate changes during the week of November 6, 2023 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

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