Market Discussions

So, who decided to double the price of Oxygen in Jita overnight? Seriously... selling at 500p/u last night, 1200 p/u this morning? This has to be purely speculative, the PI changes could NOT have had this much effect overnight.

I already am selling my own small stock at around that price.

At the moment, no, none of the P2 or P3 commodities have gone up in price. From what I can tell, though, it looks like the P1 commodities are starting to increase in price, the most dramatic of which is Oxygen.

Yeah, someone is playing around with it. Other regions: Dodixie is trying to get a monopoly price of 2500, but there's already people undercutting at 1500. Someone else is playing games in Heimatar.

It will be back down to 400-500 soon (probably within a week). It won't take long for people to see the profit potential of setting up PI harvest worlds and supplying the market.

Hi-sec PI harvest planets produce between 2400-3600 of P1 per day (excluding the outliers). So at 350 ISK/u net value (sells for 400 ISK/u at the market), a PI planet that produces 3000/day makes a net profit of 1.2M/day still. That means a new player can still pay off their 6.5M ISK CCU4 setup in a week.

At a price of 800 ISK/u market price, that planet makes a hi-sec PI bear around 2.25M ISK/day. Which will draw new blood into doing PI harvest worlds. Which will eventually drive the hi-sec PI net profit per day back down to around 1.0-1.5M ISK/day per planet. Over the summer, PI harvest worlds in hi-sec were only making about 500-650k ISK/day due to low prices. During October this went up so that it was easy to make 800-1200k ISK/day from a hi-sec harvest planet.

All of this chaos is great for the new players who just do hi-sec PI harvesting. Other then the tariffs, they have almost no ongoing costs and their planets pay off in about 1-2 weeks in most cases. With the higher PI prices, their planets pay off faster and then they have more ISK to spend on shinies.

That big a change and that fast a correction? I'm pretty sure they lost big.

I'm not sure, but I suspect someone's playing with Mexallon prices too. Verge Vendor's out. Though that might be a side effect of the new BCs.

From what the producers are saying, the new BCs are very heavy on Mexallon, which is drying up supply everywhere. Plagioclase and Kernite are good ores to mine for that (plus a few others).

ISK per m3 for various ores based on the following values:
Veld 103 Scor 98 Pyro 135 Plag 122 Omb 68 Kern 114 Jasp 157 Hemo 175 Hedb 170
Trit 3.41 Pye 4.99 Mex 38.79 Iso 61.03 Nocx 518 Zyd 835 Mega 3144 Morph 3388

That reminds me, I have some research points that've been running for a couple years... Time to cash in? :P

Indeed.

It is as if Crucible has brought back to the game a few old school market manipulators with massive bankrolls.

Entertaining!

Which is why I stocked up back in November (along with as much T2/T1 manuf materials as I could afford to).