The ICE daily CER continued to trade as a political option with notional pricing, adding 3 Eurocents (after losing 13 Eurocents over the four previous days). It finished the day at 0.21 EURO (+16.67%). The rest of the market remains beneath this price and ERUs are trading around 30% of this price. Only a political decision to address massive oversupply can turn things around and it looks like such a decision is becoming a long-shot in the EU ETS. In the meantime, too many ERUs and CERs already flood the market and more are printed every month.