The ICE daily CER continued to trade in range, recovering one cent to 0.13 EURO (+8.33%). ERUs are trading around 50% of this price. Kyoto units are trading in low volumes on exchanges as market participants await Tuesday's expected set aside vote for EUAs in the EU ETS. This vote would be the first of several required votes to execute such a set aside this year, and not the hardest one. In the meantime, the market will try to absorb continuous new issuances of ERUs and CERs on top of existing oversupply.