• REGULARITY APPROVAL FOR ALUMINUM AND ZINC

      • From
      • Registrar's Office
      • #
      • MKR01-15-16D
      • Notice Date
      • 15 January 2016
      • Effective Date
      • 15 January 2016

    • DATE:                    January 15, 2016

      MKR#:                   01-15-16D

      SUBJECT:             REGULARITY APPROVAL FOR ALUMINUM AND ZINC

       

      The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Worldwide Warehouse Solutions LLC for regularity for the storage of aluminum and zinc deliverable against the respective COMEX Aluminum and COMEX Zinc futures contracts at their location in New Orleans, LA.  

      The approved cumulative indoor and outdoor capacity for aluminum at this location is 15,200 metric tons. The approved indoor capacity for zinc at this location is 10,200 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 NYMEX Chapter 7, Rule 703.B.3.b., contingent on any pending conveyance orders submitted prior to the primary conveyance order.

      The alternate conveyance designated by the Exchange for aluminum shall be rail.  The minimum guaranteed daily load out rate for this conveyance shall be 200 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.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 Worldwide Warehouse Solutions LLC for both aluminum and zinc are as follows:

      Storage – Indoor per metric ton per month

      $13.00

      Storage – Outdoor per metric ton per month (aluminum only)

      $9.00

      Inbound Handling per metric ton

      See note 1

      Outbound Handling to truck per metric ton

      $40.00

      Outbound Handling to rail per metric ton

      $47.75

      Weighing Charge per metric ton

      $7.50

      Facility Receipt (Issue & Replacement)

      $75.00

      Bill of Lading (per truck & per rail car)

      $25.00

      Blocking and Bracing per metric ton per truck

      $5.50

      Additional Labor per man hour (1 hour minimum)

      $80.00

      Other Services as Incurred

      At cost

      Note 1: Inbound handling to be billed to cargo owner

      The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of January 18, 2016 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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