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Ice - Sell Raw or Refine?

Author
Lisara Khatam
Aliastra
Gallente Federation
#1 - 2013-08-05 12:15:29 UTC
As I've noticed, with the recent changes to ice mining, the price of raw ice has gone up. However, I'm still looking to make a massive profit.

Is it worth training into Ice Processing to eliminate waste from refining and sell the refined materials, or with the price of ice going higher, should I just sell raw?
March rabbit
Aliastra
Gallente Federation
#2 - 2013-08-05 12:56:29 UTC
cannot comment on profits but would mention one thing: to have good refining rate you need to reduce faction/corp taxes which needs you to have enough standings with station owners.

Simple training of skill is not enough

The Mittani: "the inappropriate drunked joke"

MicDeath Titan
No Mans Corp
#3 - 2013-08-05 12:59:07 UTC
Lisara Khatam wrote:
As I've noticed, with the recent changes to ice mining, the price of raw ice has gone up. However, I'm still looking to make a massive profit.

Is it worth training into Ice Processing to eliminate waste from refining and sell the refined materials, or with the price of ice going higher, should I just sell raw?


Take raw ice value, get your refine amount (what you get column) look up the prices and get the sum amount.
Deduct any transportation amount from the sum total of the refine.
Now take the modified sum total of refine, and deduct the value of the raw ice. If the number is negative, it is better to sell the ore raw. if it is positive, sell the refine.

The closer you get to perfect refine, the more profit you turn.
Krixtal Icefluxor
INLAND EMPIRE Galactic
#4 - 2013-08-05 13:07:43 UTC
Had a couple of cubes of Ice to refine last night and it's market estimated value was around 850,000 ISK.

Refined it, and the estimation of the products was 1,150,000 ISK.

You make the call.

"He has mounted his hind-legs, and blown crass vapidities through the bowel of his neck."  - Ambrose Bierce on Oscar Wilde's Lecture in San Francisco 1882

Rengerel en Distel
#5 - 2013-08-05 15:22:37 UTC
Krixtal Icefluxor wrote:
Had a couple of cubes of Ice to refine last night and it's market estimated value was around 850,000 ISK.

Refined it, and the estimation of the products was 1,150,000 ISK.

You make the call.


Simple math seems to be a problem for the OP, might wanna break it down further.

With the increase in shiptoasting, the Report timer needs to be shortened.

Lisara Khatam
Aliastra
Gallente Federation
#6 - 2013-08-05 15:44:59 UTC
Rengerel en Distel wrote:


Simple math seems to be a problem for the OP, might wanna break it down further.



Hurr how do I spreadsheet?
Lisara Khatam
Aliastra
Gallente Federation
#7 - 2013-08-05 15:50:19 UTC
MicDeath Titan wrote:

Take raw ice value, get your refine amount (what you get column) look up the prices and get the sum amount.
Deduct any transportation amount from the sum total of the refine.
Now take the modified sum total of refine, and deduct the value of the raw ice. If the number is negative, it is better to sell the ore raw. if it is positive, sell the refine.

The closer you get to perfect refine, the more profit you turn.


Problem is my current spreadsheet and refining skills for ice plus station standings net me a negative value. I was wondering about the profit increase from working on processing and continuing on standings.
MicDeath Titan
No Mans Corp
#8 - 2013-08-05 22:29:55 UTC
At the time of this post, the refine value of blue ice is 204k per block.
Arcosian
Arcosian Heavy Industries Corp Holding
#9 - 2013-08-05 22:35:57 UTC
Generally it's better to refine and sell the isotopes however some products like stront don't move really fast. The main benefit of getting ice refining skills is the massive reduction in volume the products have compared to the blocks themselves.
Krixtal Icefluxor
INLAND EMPIRE Galactic
#10 - 2013-08-06 10:42:35 UTC
Lisara Khatam wrote:
MicDeath Titan wrote:

Take raw ice value, get your refine amount (what you get column) look up the prices and get the sum amount.
Deduct any transportation amount from the sum total of the refine.
Now take the modified sum total of refine, and deduct the value of the raw ice. If the number is negative, it is better to sell the ore raw. if it is positive, sell the refine.

The closer you get to perfect refine, the more profit you turn.


Problem is my current spreadsheet and refining skills for ice plus station standings net me a negative value. I was wondering about the profit increase from working on processing and continuing on standings.


Yes. That will improve things. How could it not ?

"He has mounted his hind-legs, and blown crass vapidities through the bowel of his neck."  - Ambrose Bierce on Oscar Wilde's Lecture in San Francisco 1882

Velicitia
XS Tech
#11 - 2013-08-06 12:27:43 UTC
Krixtal Icefluxor wrote:
Lisara Khatam wrote:
MicDeath Titan wrote:

Take raw ice value, get your refine amount (what you get column) look up the prices and get the sum amount.
Deduct any transportation amount from the sum total of the refine.
Now take the modified sum total of refine, and deduct the value of the raw ice. If the number is negative, it is better to sell the ore raw. if it is positive, sell the refine.

The closer you get to perfect refine, the more profit you turn.


Problem is my current spreadsheet and refining skills for ice plus station standings net me a negative value. I was wondering about the profit increase from working on processing and continuing on standings.


Yes. That will improve things. How could it not ?


Depends on the spread between the ice and the products.

Assuming Gallente Ice, and faked numbers:

Ice = 100k/block

oxytopes (300) = 300/unit
ozone (25) = 100/unit
h. water (50) = 100/unit
stront (1) = 1500/unit

You'll never make a profit on the refined materials.

One of the bitter points of a good bittervet is the realisation that all those SP don't really do much, and that the newbie is having much more fun with what little he has. - Tippia

Krixtal Icefluxor
INLAND EMPIRE Galactic
#12 - 2013-08-06 12:49:33 UTC
Velicitia wrote:


Depends on the spread between the ice and the products.



.....something that changes constantly.

Do you realize how many times this has changed just in the 3 1/2 years I've been playing ?

This is rather irrelevant to the issue tbh.

"He has mounted his hind-legs, and blown crass vapidities through the bowel of his neck."  - Ambrose Bierce on Oscar Wilde's Lecture in San Francisco 1882

Hawelt
Warpspeed Shipping Inc.
#13 - 2013-08-07 20:31:53 UTC  |  Edited by: Hawelt
Krixtal Icefluxor wrote:
Velicitia wrote:


Depends on the spread between the ice and the products.



.....something that changes constantly.

Do you realize how many times this has changed just in the 3 1/2 years I've been playing ?

This is rather irrelevant to the issue tbh.



The profit of choosing one alternative over the other always depends entirely on the prices and costs/efficiency involved.

So there is no way to avoid grabbing the latest numbers to find the best alternative for the present
Andrew Indy
Cleaning Crew
#14 - 2013-08-08 07:30:46 UTC
If you are refining in a standard 50% station the ice processing skill will only net you 0.5% more yield so I don't really believe its worth while (you need that stupid science skill to level 5 so it takes a while to get). 6.67 Standing will however net you a lot more .

As mentioned before the volume of ice products are a lot less than ice block so just from a logistics point of view its better to refine.