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Noxcium > Zydrine & The Drop of High Ends

Author
Casius Omega
Deep Core Mining Inc.
Caldari State
#1 - 2013-06-06 16:32:25 UTC
So its official noxcium is selling higher or equal to zydrine. All highs dropped after patch why? Why would anyone mine in Lowsec anymore when u can make aton more ratting and comparable isk in highsec.
Blueprint Seller
Bring Me Sunshine
#2 - 2013-06-06 16:40:35 UTC
Casius Omega wrote:
All highs dropped after patch why?

What would you use them for?

Not battlecruisers, battleships, carriers, dreadnaughts, supers, freighters, orcas or JFs.

Remove all that and the demand for minerals is a little weak.
Adunh Slavy
#3 - 2013-06-06 17:36:42 UTC
Casius Omega wrote:
So its official noxcium is selling higher or equal to zydrine. All highs dropped after patch why? Why would anyone mine in Lowsec anymore when u can make aton more ratting and comparable isk in highsec.



Lots of BSes were built prior to the patch, they all needed mins, now they don't need mins. Expect a bumpy ride.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Blueprint Seller
Bring Me Sunshine
#4 - 2013-06-06 17:44:43 UTC
Adunh Slavy wrote:
Casius Omega wrote:
So its official noxcium is selling higher or equal to zydrine. All highs dropped after patch why? Why would anyone mine in Lowsec anymore when u can make aton more ratting and comparable isk in highsec.


Lots of BSes were built prior to the patch, they all needed mins, now they don't need mins. Expect a bumpy ride.

It's not just that minerals where in high demand before the patch and are correcting to normal demand now.

Instead minerals are going from a sustained period of extreme high demand to a period of extreme low demand. Add to that two boosts to mining (improved ore composition and more easily accessible gravemetric sites) and the lack of any upcomming mineral consuming speculation magnet and you see mineral prices step off a cliff.
EvilweaselSA
GoonCorp
Goonswarm Federation
#5 - 2013-06-06 18:14:14 UTC
tiercide has boned the mineral market for the forseeable future, you only build tier 3 bs and caps now
Sir SmashAlot
The League of Extraordinary Opportunists
Intergalactic Conservation Movement
#6 - 2013-06-06 18:22:54 UTC
Casius Omega wrote:
So its official noxcium is selling higher or equal to zydrine. All highs dropped after patch why? Why would anyone mine in Lowsec anymore when u can make aton more ratting and comparable isk in highsec.


When the new refining figures went public, it would have been better to store and not refine high end ores. Players are now flooding the market with high end minerals because they can now get extra goodies.

The only market left for teiricide speculation is industrial ships and that will not soak up minerals like the battleship trade, so expect mineral prices to fall as the same production slots running battleships will not be able to consume minerals in the same volume.

However with half duration for ice harvesters, there is an oppurtunity cost between farming ice verse minerals so it is tough to say if the mineral market will continue to have the strong supply it did before the expansion.

Fun times ahead Big smile

Casius Omega
Deep Core Mining Inc.
Caldari State
#7 - 2013-06-07 05:50:33 UTC
I just sucks that u make less isk than ratting and it requires acwhole lot of work
Psychotic Monk
Sebiestor Tribe
Minmatar Republic
#8 - 2013-06-07 14:17:51 UTC
Mining required a whole lot of work? Really?
Silivar Karkun
Doomheim
#9 - 2013-06-07 14:51:46 UTC
Casius Omega wrote:
So its official noxcium is selling higher or equal to zydrine. All highs dropped after patch why? Why would anyone mine in Lowsec anymore when u can make aton more ratting and comparable isk in highsec.


low sec?, are you kidding?, people is mining in the new ore sites in high sec, no miner with brains would mine in low sec
Tinu Moorhsum
Random Events
#10 - 2013-06-07 15:05:56 UTC
Casius Omega wrote:
So its official noxcium is selling higher or equal to zydrine. All highs dropped after patch why? Why would anyone mine in Lowsec anymore when u can make aton more ratting and comparable isk in highsec.


Supply is higher than demand. It's not that hard.

At this point I'm predicting a drop in low-end prices too. Can you guess why?




Ioci
Bad Girl Posse
Somethin Awfull Forums
#11 - 2013-06-07 20:58:59 UTC
If things go the way I anticipate Capital parts are going to replace pretty much everything in production.

It's more a question of, will those capital parts end up in ships that get destroyed.

R.I.P. Vile Rat

Raysiana
Perkone
Caldari State
#12 - 2013-06-07 23:41:34 UTC
The main cause of this "crash" in my opinion was due to people selling off stock piles from the last month, as well as the demand from battleship production decreasing. This short term increase in supply, and decrease in demand, I think will not last however.

First with changes to ice, many miners will, and have been shifting away from ore. Second changes to capital rigs will eat up a substantial amount of the extra minerals. Third a big war is just getting started, this will not only have an effect on the demand of ships, but as well as the amount of minerals that are being supplied from null sec.

Will mineral prices drop even further? will they rebound to what they have been in past couple of weeks?

I personally cannot see them going much lower than they currently are, and as far as them going up in value? I think it is a possibility, time will tell though.
El Enfoiro
Unites Capitals Industries
#13 - 2013-06-08 13:49:47 UTC
Zydrine drop is not going to be for a while.

I expect zydrine to skyrocket within 2 weeks, 3 if unlucky.

Many things going in that direction Lol

See you in 3 weeks max
Q 5
999 HOLDINGS LLC
#14 - 2013-06-10 08:41:57 UTC
[quote=Casius Omega]So its official noxcium is selling higher or equal to zydrine. All highs dropped after patch why? Why would anyone mine in Lowsec anymore when u can make aton more ratting and comparable isk in highsec.[/quote

Blah, blah, blah, blame hi sec miner's, or maybe just maybe Zydrine is chiefly produced in....hummm, guess.

They cried oh mighty CCP nerf drones and the drone regions because it's to blame....after the nerf Zydrine shot up....100 isk, oh God 0.0 should get X-tra out of the asteroids in null because of risk....whoops, ahh crackers this means what, more minerals on the market ....but let's just blame it on hi sec again.
Casius Omega
Deep Core Mining Inc.
Caldari State
#15 - 2013-06-10 08:50:29 UTC  |  Edited by: Casius Omega
Q 5 wrote:
[quote=Casius Omega]So its official noxcium is selling higher or equal to zydrine. All highs dropped after patch why? Why would anyone mine in Lowsec anymore when u can make aton more ratting and comparable isk in highsec.[/quote

Blah, blah, blah, blame hi sec miner's, or maybe just maybe Zydrine is chiefly produced in....hummm, guess.

They cried oh mighty CCP nerf drones and the drone regions because it's to blame....after the nerf Zydrine shot up....100 isk, oh God 0.0 should get X-tra out of the asteroids in null because of risk....whoops, ahh crackers this means what, more minerals on the market ....but let's just blame it on hi sec again.


I dont think i blamed highsec. Its more ccps failure to acknowlege how unvaluable there "rare and valuable" minerals are.
Btw U mad brah?
El 1974
Green Visstick High
#16 - 2013-06-10 11:51:46 UTC  |  Edited by: El 1974
Mining in nullsec roughly pays the same as mining in hisec. Now CCP obviously found high-end minerals too expensive, so they added some low-end minerals to the ores that contain the high-end minerals. The market will make sure the price of the high end ores are somehwat equal in value to the lower-end ores, so the high-end mineral prices have to go down.