• Regularity Approval for Aluminum

      • From
      • Registrar's Office
      • #
      • MRK08-11-23
      • Notice Date
      • 11 August 2023
      • Effective Date
      • 11 August 2023
    • DATE:                     August 11, 2023

      MKR#:                    08-11-23

      SUBJECT:               Regularity Approval for Aluminum

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Grafton Logistics Services (Singapore) Pte Limited for regularity for the storage of aluminum deliverable against the respective COMEX Aluminum futures contract at their location in Singapore.

      The approved outdoor capacity for aluminum at Singapore location is 10,000 metric tons.

      The primary conveyance designated by the Exchange for aluminum shall be truck. Primary conveyance shall be subject to the minimum guaranteed daily load out rate as prescribed in COMEX Chapter 7, Rule 703.B.3.b., contingent on any pending conveyance orders submitted prior to the primary conveyance order.

      At all times, the regular facility shall be required to meet a cumulative minimum guaranteed daily load out rate as prescribed in COMEX 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 Grafton Logistics Services (Singapore) Pte Limited for aluminum in Singapore are as follows:

      Monthly storage charge per short/metric ton

       N/A

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

       $115.00

      Storage - outdoor per metric ton per month or part thereof 

       $17.50

      Inbound handling per short/metric ton (truck & rail)

       $7.50

       

       

      Outbound handling to truck per short/metric ton

       $50.00

      Blocking and bracing per short/metric ton (truck)

       $3.00

      Outbound handling to rail car per short/metric ton

       N/A

      Blocking and bracing per short/metric ton (rail car)

       N/A

      Outbound handling to container per short/metric ton

       $65.00

      Blocking and bracing per short/metric ton (container)

       $5.00

      Outbound handling to flatbed per short/metric ton

       $50.00

      Blocking and bracing per short/metric ton (flatbed)

       $3.00

      Weighing charges per short/metric ton

       $8.00

      Facility receipt (issue & replacement)

       $35.00

      Bill of lading

       $25.00

      Additional labor per man hour

       $60.00

      Restocking fee per short/metric ton for cancelled/changed orders

       $10.00

      Cancellation charge per shipment cancelled

       $25.00

      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 August 14, 2023 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.