• Regularity Approval for Aluminum

      • From
      • Registrar's Office
      • #
      • MKR02-08-24
      • Notice Date
      • 08 February 2024
      • Effective Date
      • 08 February 2024

    • DATE:                  February 8, 2024

      MKR#:                 02-08-24

      SUBJECT:            Regularity Approval for Aluminum

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the applications of Grafton Warehouse Services (UK) Limited for regularity for the storage of aluminum deliverable against the respective COMEX Aluminum futures contract at their location in Gwangyang, Republic of Korea (DOSOL 1).

      The approved outdoor capacity for aluminum is 20,000 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 Warehouse Services (UK) Limited for aluminum in Gwangyang, Republic of Korea are as follows:

      Monthly indoor 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 (*COMEX Aluminum Only*)

      $17.50

      Inbound handling per metric ton (truck & rail)

      $7.50

       

      Outbound handling to truck per metric ton

      $50.00

      Blocking and bracing per metric ton (truck)

      $3.00

      Outbound handling to rail car per metric ton

      N/A

      Blocking and bracing per metric ton (rail car)

      N/A

      Outbound handling to container per metric ton

      $65.00

      Blocking and bracing per metric ton (container)

      $5.00

      Outbound handling to flatbed per metric ton

      $50.00

      Blocking and bracing per metric ton (flatbed)

      $3.00

      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

      $150.00

      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 February 12, 2024 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

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