The ICE daily CER continued to trade as a political option with notional pricing, remaining flat for the third day at 0.14 EURO (unch%). ERUs are trading around 50% of this price. Nothing is trading on the exchange except for a small trades posted by ambitious speculators trying to convince the market that there is something happening. Only a political decision to address massive oversupply can turn things around. Too many ERUs and CERs have been issued already for there to be any meaningful supply/demand intersection, and more are printed every month, the market is swamped.