DATE: April 13, 2015
MKR#: 04-13-15
SUBJECT: APPROVED APPLICATION FOR ALUMINUM REGULARITY
The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of MetalStore LLC for regularity for the storage of aluminum deliverable against the COMEX Aluminum futures contract at their location in Allen Park, MI.
The approved cumulative indoor and outdoor capacity at this location is 53,520 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.
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:
Outbound Handling to truck per metric ton |
$40.00 |
Storage - Indoor & Outdoor per metric ton per month |
$9.60 |
Weighing Charge per metric ton |
$7.50 |
Facility Receipt (Issue & Replacement) |
$75.00 |
Bill of Lading per truck |
$20.00 |
Blocking and Bracing per metric ton per truck |
$4.50 |
Additional Labor per man hour (1 hour minimum) |
$75.00 |
Note 1: Inbound handling to be billed separately |
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The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of April 20, 2015 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