"INE hereby notifies the listing prices for the contracts on 26 March 2018 as follows...." INE website, March 23, 2018
Last week's walk-thru must have been successful. LIVE quotes of the Shanghai oil futures contract are now rolling at the website INE.cn [linked here]. The news circular posted on the website March 23, 2018 has already set the initial price of the contracts:
In accordance with General Exchange Rules of the Shanghai International Energy Exchange and other applicable rules, INE hereby notifies the listing prices for the contracts on 26 March 2018 as follows: The listing price for SC1809, SC1810, SC1811, SC1812, SC1901, SC1902 and SC1903 will be 416 RMB yuan per barrel. The listing price for SC1906, SC1909, SC1912 and SC2003 will be 388 RMB yuan per barrel. The listing price for SC2006, SC2009, SC2012 and SC2103 will be 375 RMB yuan per barrel.
Shanghai International Energy Exchange
23 March, 2018
It already feels weird to see those words "yuan per barrel."
Have the birds stopped singing? Has the sun stopped shining? (Well unless you're on the east coast.) Has the apocalypse begun? No, nor will it. America will do what it's best at: sleeping. Not taking any notice. Secure in the self-delusion of exceptionality.
Meanwhile, the rest of the world has moved on. Putin is no idiot and I have no doubt that his attitude today is similar to the one expressed while waving off his Russian officers who wanted to toast a Chechnyan victory:
"But ahead of us, we have many problems and big challenges. Let's have a bite to eat and get to work."
Many hurdles await, but, so far, the path ahead looks golden.