• Regularity Approval for Aluminum

      • From
      • Registrar's Office
      • #
      • MKR11-02-23
      • Notice Date
      • 02 November 2023
      • Effective Date
      • 02 November 2023

    • DATE:                   November 2, 2023

      MKR#:                  11-02-23

      SUBJECT:             Regularity Approval for Aluminum

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Henry Bath Singapore Pte Ltd for regularity for the storage of aluminum deliverable against the respective COMEX Aluminum futures contracts at their location in Gwangyang, Republic of Korea.

      The approved cumulative outdoor capacity for aluminum at this location is 50,000 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 Henry Bath Singapore Pte Ltd for aluminum are as follows:

      Monthly storage charge per 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

      $16.50

      Inbound handling per metric ton (truck & rail)

      $7.00

       

       

      Outbound handling to truck pe metric ton

      $50.00

      Blocking and bracing per metric ton (truck)

      N/A

      Outbound handling to rail car per metric ton

      $50.00

      Blocking and bracing per metric ton (rail car)

      N/A

      Outbound handling to container per metric ton

      $50.00

      Blocking and bracing per metric ton (container)

      N/A

      Outbound handling to flatbed per metric ton

      $50.00

      Blocking and bracing per metric ton (flatbed)

      N/A

      Weighing charges per metric ton

      $8.00

      Facility receipt (issue & replacement)

      $3.00 per mt (issue)
      $10.00 per mt (re-warrant)

      Bill of lading

      $120.00

      Additional labor per man hour

      $85.00

      Restocking fee per 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 November 6, 2023 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

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