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Why the spread between Pyerite and Trit?

Author
Dinsdale Pirannha
Pirannha Corp
#1 - 2012-06-05 18:23:24 UTC
Typically, the spread is 10-20% difference.
It is a whole lot bigger than that today.

I have a hard time believing that the pyerite market is small enough to be able to be manipulated.
Rhivre
TarNec
Invisible Exchequer
#2 - 2012-06-05 18:32:14 UTC
Pyerite supply has been a bit sketchy of late, 1-2 days each week for the last 2-3 weeks it has almost dried up in each hub.

Trit does not suffer from the same problems
corestwo
Goonfleet Investment Banking
#3 - 2012-06-05 19:47:18 UTC
Rhivre wrote:


Trit does not suffer from the same problems


Yet.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo

Rhivre
TarNec
Invisible Exchequer
#4 - 2012-06-05 19:49:08 UTC
corestwo wrote:


Yet.



Trust you to be Mr Doom & Gloom Cores

I happen to have on it good authority you have a vast quantity of Trit stashed in one of your pockets.
Dezolf
DAX Action Stance
#5 - 2012-06-05 21:17:39 UTC
Rhivre wrote:
corestwo wrote:


Yet.



Trust you to be Mr Doom & Gloom Cores

I happen to have on it good authority you have a vast quantity of Trit stashed in one of your pockets.


Hey. I told you that in confidence!
Olleybear
Pandemic Horde Inc.
Pandemic Horde
#6 - 2012-06-05 22:54:02 UTC
Taking a wild guess at this.

Perhaps Faction Warfare is the culprit as it seems to be much more popular with the new changes. Guessing many more frigs and cruisers being popped and replaced now. Meta 4 and Meta 3 Medium Shield Extenders for frigates seem to have also risen in price since the Faction warfare changes so maybe this is confirming the increase in ships killed.

When it comes to PvP, I am like a chiwawa hanging from a grizzley bears pair of wrinklies for dear life.

Tauranon
Weeesearch
CAStabouts
#7 - 2012-06-06 00:21:25 UTC
This is a normal price correction that should always have followed a reduction in gun mining combined with a kerb on excess mining in highsec (hulkageddon) to help chew out artificial effects like stockpiles. This price makes scordite (best source of pye) and veldspar (best source of trit) worth the same per m3 mined according to cerlestes.
Tobiaz
Spacerats
#8 - 2012-06-06 02:00:45 UTC  |  Edited by: Tobiaz
I don't know. It's almost as if someone is taking advantage of the lower production due to extended Hulkageddon for some risky pyerite market manipulation. In a lot of regions all sell orders simply vanished overnight a few days ago. Jumping more than a full isk in a matter of days, while trit seems to be comfortable around 6. That seems a bit weird if it was simple low-end scarcity due to Hulkageddon.

I've seen it happen years back with isogen, but I never imagined someone try it with pyertite.

Operation WRITE DOWN ALL THE THINGS!!!  Check out the list at http://bit.ly/wdatt Collecting and compiling all fixes and ideas for EVE. Looking for more editors!

Rhivre
TarNec
Invisible Exchequer
#9 - 2012-06-06 06:19:38 UTC
That was happening during hulkageddon too, as I mentioned, on a couple of days each week. Pyer in some regions was down to 2 sell orders in the hubs.

Its almost as if we need to turn certain people upside down and shake them until the Pyerite falls out of their pockets ^^
AnakieNine
Imperial Academy
Amarr Empire
#10 - 2012-06-06 11:18:23 UTC
Tobiaz wrote:
I don't know. It's almost as if someone is taking advantage of the lower production due to extended Hulkageddon for some risky pyerite market manipulation. In a lot of regions all sell orders simply vanished overnight a few days ago. Jumping more than a full isk in a matter of days, while trit seems to be comfortable around 6. That seems a bit weird if it was simple low-end scarcity due to Hulkageddon.

I've seen it happen years back with isogen, but I never imagined someone try it with pyertite.

you deserve a cookie :)

Twisted
Claire Voyant
#11 - 2012-06-06 13:20:57 UTC
It's the Goons. It's always the Goons. If you don't like the prices, take it up with The Mittani.
Vincent Athena
Photosynth
#12 - 2012-06-06 15:45:26 UTC
When eve was first opened for business there were npc buy orders for minerals:

Trit: 1 ISK per unit
Pyerite 4
Mex 16
Isogen 64
Nocx 256
Zyd 1024
Mega 4096

That 4 to 1 ratio was built into the game, in both availability of mineral types and need for industry. The price of pyerite being so close to trit is actually the anomaly, it should be 4 times that of trit.

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Droxlyn
School of Applied Knowledge
Caldari State
#13 - 2012-06-06 17:16:23 UTC
I did some fun maths recently to figure out the m3 ratio of minerals from ores and to price each ore as some function of m3 equivalent pricing.
The basic premis is that all high-sec ores would be worth the same per m3 as rational miners only mine the most valuable and ignore the others.
Omber crapped out in the math.

Basically:
Trit is the reference price.
Pyerite should be 60% more valuable than Trit (Trit * 1.6033653846).
Mexallon should be 846% more than Trit (Trit * 9.4665605651).
Isogen should be 1648% more than Trit ( Trit * 17.4830168176).
Nocxium should be 8312% more than Trit (Trit * 84.1285613181).

Zydrine and Megacyte have their own rules since they aren't easy to get.

These ratios do not line up with the NPC seed prices. But if they were followed closely, all high-sec ores would be equal in earning protential by m3.

Neat, huh?


Tobiaz
Spacerats
#14 - 2012-06-06 20:31:20 UTC  |  Edited by: Tobiaz
Vincent Athena wrote:
When eve was first opened for business there were npc buy orders for minerals:

Trit: 1 ISK per unit
Pyerite 4
Mex 16
Isogen 64
Nocx 256
Zyd 1024
Mega 4096

That 4 to 1 ratio was built into the game, in both availability of mineral types and need for industry. The price of pyerite being so close to trit is actually the anomaly, it should be 4 times that of trit.


The mineral demand adhered pretty well to that 1:4 ratio originally. The battleship manufacturer Techell Corp was the biggest buyer of minerals in the game back then and their mineral purchases were done in a 1:4 ratio (which often was a real pain in the ass for their suppliers).

But shifted popularity and many items and ships not adhering to that 1:4 ratio makes this a thing of the past. For instance: the Incursus which is currently very popular, only requires trit, pyer, mex and iso.

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LoreSpade Indigo
Diabolical Dominion
#15 - 2012-06-07 01:56:26 UTC
Trit and pyerite sales are falling. there just is not enough. prices must go up. not enough people mining.
LoreSpade Indigo
Diabolical Dominion
#16 - 2012-06-07 02:13:05 UTC
Fine truth is i am hording it all.
Breezly Brewin
Vril Metaphysics Society
#17 - 2012-06-07 11:23:51 UTC
i think it's mostly because a lot of people skip scordite rocks. just my guess though. Big smile
Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#18 - 2012-06-07 11:48:34 UTC
Breezly Brewin wrote:
i think it's mostly because a lot of people skip scordite rocks. just my guess though. Big smile



http://www.fuzzwork.co.uk/ore/

People skip Scordite, as Veld is worth more.

Higher Pyerite prices should change that. If people are paying attention, that is. Rather than just assuming things don't change Blink

Woo! CSM XI!

Fuzzwork Enterprises

Twitter: @fuzzysteve on Twitter

Vincent Athena
Photosynth
#19 - 2012-06-07 15:08:46 UTC
Cerlestis has many high sec ores close in value to each other. Pyro still wins. Kernite is lagging, and Omber is quite low, half the value of the others.

Also Mercoxit has overtaken Arkonor, my guess because Morphite no longer drops from drones.

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Heimdallofasgard
Ministry of Furious Retribution
Insidious.
#20 - 2012-06-07 17:48:39 UTC
Vincent Athena wrote:
Cerlestis has many high sec ores close in value to each other. Pyro still wins. Kernite is lagging, and Omber is quite low, half the value of the others.

Also Mercoxit has overtaken Arkonor, my guess because Morphite no longer drops from drones.


Morphite's a weird one, dropped by the bigger drones it experienced the same spike & fall as zydrine and nocx, but not the same coverage.

Now it looks as though it's reached its floor at about 7000, volume is slowly diminising, and the price is starting to rise again (ever so slightly right now though).

I think people underestimate the amount of stock that changed hands over the last three months though.

Let's take XXDeath as an example:

Major sov holding alliance in drone regions for a long time with a LOT of members and pets = plenty of time for a lot of members to accumulating massive stocks of drone poo.

Enduring an expensive and tiresome war, draining a lot of their "non-poo" assets (ships, weapons etc...)

Disbanding and having to travel all the way up north with all those heavy minerals to join CFC? might as well just sell it all off while the market is right for it huh?

Couple that with the rest of the drone alliances wanting to get rid of their stock while the price was high, plus logistics and other pilots needing to adapt to the new method of buying and mining ore instead of looting it for manufacture. Most probably just flushed out their existing stock while the price was high just to reset their