Market Discussions

Good day.

Following the Nullsec Ore Mining presentation in March 2015 @ Fanfest, there hasn't been any real movements in the Lowend mineral spectrum. More info on the Fanfest here - https://forums.eveonline.com/default.aspx?g=posts&m=5594827#post5594827

Here's an excerpt from o7 Show, aired April 1st,



Currently [April 6th, 00:22 EVT] in Jita I'm seeing large-ish volumes of Mexallon, around 435 mln Units, and Pyerite, 1345 mln Units up for sale under 58 ISK p/u and 12.8 ISK p/u,respectivelly, with no demand to match. Also to consider: a large Pyerite sell order of 1400 mln units priced at 12.81 in Amarr, Domain region.

Pyerite - http://eve-markets.net/detail?typeid=35#supply
Mexallon - http://eve-markets.net/detail?typeid=36#supply

In the case of Pyerite, net supply/demand has been going up since the start of the current month of April.

Mexallon, however, has broken the neutral supply/demand balance to the positive side and is still increasing. Last time that happened was around 2012, during the months of May thru December - price peaked around 66 ISK / unit then and started a decline lasting several months, bottoming around 47 ISK p/u.

Some smart people may be making their moves already. This could get very ugly, very fast.

Watch this space.

Not really wanting to actively 'bump' one of GankYou additional nullsec propaganda threads. But I will point out in case you hadn't noticed that most people are in the middle of half term and a lot of people have taken the chance to go on holiday to avoid fines from schools if they take their children on holiday during school time.

This is probably one of the main reasons for the market being quiet atm. I'm not entirely sure your propaganda stream is having that much additional effect to CCP Fozzie announcements regarding ore supplies in nullsec & mineral requirements. There has been a slight fall in the price of 'low-ends' but the price decrease is probably able to recover.

What confuses me more is how few people seem to have decided to reprocess their ore before sale rather than compress it ? Nowt as queer as folk as they say.

If low-end mineral prices do collapse as you seemingly want them to it will not be good for the economy of New Eden. CCP Fozzie is probably interfering too far in the player market with the current planned changes. I guess we will just have to watch it happen.

Hypothetical question:

What would happen if null sec became much more, or even totally, self sufficient in terms of mining through production to end explosion?

My answer:
Let's say null sec no longer needed high sec. Everything null sec needed they could self produce and self fulfill.
Stuff exploding drives the economy. If it doesn't explode it lasts forever. Much less stuff explodes in high sec than null.
Null is the engine of Eve's economy. If null didn't need stuff from high sec high sec would crash, there would be no economy in high sec.

It would happen like this:
Null becomes self sufficient. The price of null minerals in high sec goes through the roof. Initially nullers export null minerals to high sec for ISK, but the ISK never flows back to high sec because high sec has nothing null needs. What's the point in building stuff that uses null minerals, or indeed any goods at all, if there are no customers to buy the end product? It would be a heavily biased flow of ISK from high sec to null with little return path. Eventually null stops exporting null minerals to high sec because no one in high sec has the ISK to buy them. Only resources where high sec has an advantage would allow ISK flow back to high sec to complete the loop.
In effect high sec would become the noob zone you got out of as fast as possible.
I am not saying this is an undesirable outcome. To many this might sound like a very healthy future for Eve.

If this did happen I imagine CCP would choose to intervene and upset the apple cart. Stagnation in any part of the game tends to be bad for the game overall. Change and shaking things up is very much in vogue at CCP.

Also what would the freighter gankers do if there are no freighters to gank? :)

The Forge: Mexallon at 56 ISK p/u today on good volume.

The Forge: today Mexallon is firmly below the 56 handle, with a large 320 mln units sell order guarding the gates just above it.

Come on, it's a slow day.

Dev blog on this matter should be out in the next two weeks, if at all.

I have a feeling in my bones that the megacyte and zydrine prices are not acting rationally.
People seem to be acting very irrationally and for me it's turning into a Dutch Tulip Bubble 1637 style.

I expect it to pop very soon. I'm all out already. I will get back in after the pop.

http://en.wikipedia.org/wiki/Tulip_mania

obligatory sky's the limit post

what do you mean by 'with support at'?
Thanks

Tangible buy orders with strength determined by volume.

Of course, new buy orders could come up as price develops - whether that is going to be genuine demand for production, or merely a speculative blip is another question.

Hypothetical example for you: A dev blog detailing the adjustments in Nullsec ores comes out tomorrow with no change from the current buy/sell orders at the time of the release - The people would dump their stock of Mexallon to buy orders, with large volume orders acting as support, if only for a time.

However, with such fundamental detail/news release, you'd have to look at really serious volumes on the macro level, and even then, depending on the severity of the news, these buy orders could disappear and price could move 20 ISK down, which would be 34% decline in the case of Mexallon.



Correction: Empire exports practically all of the implants, all Federation/Navy/Fleet Frigates, Cruisers, Battlecruisers, Battleships, most low/mid-tier Deadspace modules, practically all of the faction ammo, everything else from the LP store and most Pirate faction Frigates and Cruisers.

Nerf Level 4s.