• Regularity Approval for Aluminum

      • From
      • Registrar's Office
      • #
      • MKR04-28-14C
      • Notice Date
      • 28 April 2014
      • Effective Date
      • 28 April 2014

    • DATE:            April 28, 2014

      MKR#:           04-28-14C

      SUBJECT:   REGULARITY APPROVAL FOR ALUMINUM

       

      In connection with the listing of the physically delivered Aluminum futures contract on trade date May 6, 2014, the Commodity Exchange, Inc. (“COMEX” or “Exchange”) approved the application of Scale Distribution, Inc. for regularity for the storage of aluminum deliverable against the COMEX Aluminum futures contract at their location in Ypsilanti, MI.  

      The approved cumulative indoor and outdoor capacity at this facility is 150,000 metric tons.  

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

      The alternate conveyance designated by the Exchange shall be rail.  The minimum guaranteed daily load out rate for this conveyance shall be 700 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.C.3.b. for all pending load out orders, on a first come first served basis.

      The storage and handling charges are as follows:

      Handling Outbound per metric ton:

      $39.00

      Storage Charge per metric ton per month indoors:

      $11.70

      Storage Charge per metric ton per month outdoors:

      $6.00

      Blocking and Bracing per metric ton:

      $4.50

      Documentation charge: $20 per bill of lading

      $20.00

      Labor Rate per Hour (for additional labor requested):

      $45.00

       

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of May 5, 2014 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.

      Please refer questions on this subject to:

      Market Surveillance:

      Terry Gehring                            Terry.Gehring@cmegroup.com               (312) 435-3644

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