Market Discussions

Why has pyerite been going up so much, why is there hardly any in sell orders? There seems to only be 2bil units of it in the sell orders. Any theories?

For someone who's renowned as such an expert about mining, you sure don't know a lot about mining.


e: For actual content, pyerite and indeed low ends in general are massively undersupplied even during the lower than normal period of demand brought on by the recession. Throw in a war to spike demand and it just gets worse.

Haters gonna hate. Obviously there are the repercussions of perma-hulkageddon, and the Delve war. But pyerite is pushing 13, and it's never been anywhere close to this. It's rising faster than the other low-ends, implying that it's some sort of bottleneck in production. Or that someone is hording it specifically. Normally the volume on the market wouldn't change a whole lot, but the price would just go up. It's highly unusual to only have half a day's supply in the market. Hence my original question, is someone deliberately doing this? Or is this just circumstance

Consumption is outstripping production by a factor of 2:1 as an extremely conservative estimate. The drone regions are the overwhelming cause, permageddon and the Delve war would be minor blips if they were still producing alloys. This applies across all low ends; pyerite is merely moving first.

And no, I'm not providing sources.


e: 0700 Eve, pyerite has blown through 13 and is well on its way to 14. It got close, in fact, and is only down thanks to the persistent warring efforts of people who feel they need to get out now.

Meanwhile, trit holds steady at 6.8 and mex around 63.5-64, but Isogen also surged and made a concerted push towards 100; current price is 99.85.

High ends also continue to creep upwards, with nocx, zyd and mega at 660, 880 and 2410, respectively.

It's going to be an interesting weekend.

I'm curious as to why Pyerite, as opposed to other high-sec minerals like Trit and Mex, is shooting through the roof? Is there a popular set of items being made/used/destroyed that consume a much greater share of Pyerite than the others?

See my post two or three posts up. "Why" pyerite? Dunno. Don't care. They're all moving, pyerite merely moved first. Pyerite is flirting with 14 right now and apparently touched 15 earlier, trit, as Barakach noted, is pushing on 7, Isogen is currently sitting around 107, and Mex is at 64 and rising.

I think that it may be because it is the most susceptible to sharp increases in demand. In my experience it seems to be rather low yield compared to other minerals. Even scordite gives a 50/50 split of tritanium and pyerite, and one usually needs quite a bit of it to make anything.

More simply, structurally the supply of it compared to other minerals is more constrained, making it more vulnerable to increased demand.

FYI
https://forums.eveonline.com/default.aspx?g=posts&t=101295

pye spiked because the FW "bug finders"got their multi trillion isk speculationmoney unwound back to them and bought up supply to resell after the spike

where is tinfoil emoticon when u need it

hilarious that rampant speculation+dronepoo+hulkageddon has pushed the cost of an avatar hull from ~40bn to 77bn in the last 200 days, maybe encouraging people to kill miners was not a good idea afterall

life is a zero sum game

The markets would reflect it if we'd gotten our money back by now.



I'm failing to see where the bad idea is...?