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Why fiery kernite prices so depressed?
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Quant Predictorian
Center for Advanced Studies
Gallente Federation
#1 - 2015-06-03 11:07:28 UTC
Any reason other than supply and demand?

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Elizabeth Norn
Nornir Research
Nornir Empire
#2 - 2015-06-03 13:41:45 UTC
The vanilla kind of Kernite is also used in storyline missions, is that what you're comparing it to?

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Quant Predictorian
Center for Advanced Studies
Gallente Federation
#3 - 2015-06-03 13:43:56 UTC
No I'm comparing it to Jita prices and almost all other systems. I'm comparing its prices with last 6 months.

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Elizabeth Norn
Nornir Research
Nornir Empire
#4 - 2015-06-03 14:19:09 UTC
What do you mean by depressed? As far as I can tell sell orders are a little above high sec refine and buy orders are a little below. If you look at Tritanium and Mexallon you'll see their prices have come down quite a bit from six months ago.

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Quant Predictorian
Center for Advanced Studies
Gallente Federation
#5 - 2015-06-03 17:09:53 UTC
Elizabeth Norn wrote:
What do you mean by depressed?


Depressed means downtrend in financial jargon.

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GankYou
9B30FF Labs
#6 - 2015-06-04 00:54:18 UTC
https://element-43.com/market/17453/
https://element-43.com/market/20/

Does look rather curious, it has 10% better yield than Kernite, so either the sellers are clueless, or the buyers are clueless. Or both. Big smile

...And they all crave one thing - ISK. ¤

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Molic Blackbird
Orion Faction Industries
Orion Consortium
#7 - 2015-06-04 03:34:59 UTC  |  Edited by: Molic Blackbird
GankYou wrote:
https://element-43.com/market/17453/
https://element-43.com/market/20/

Does look rather curious, it has 10% better yield than Kernite, so either the sellers are clueless, or the buyers are clueless. Or both. Big smile


Or you are clueless.Big smile

Regular Kernite has value beyond the minerals it refines into. Fiery Kernite does not have such an added value.
Sabriz Adoudel
Move along there is nothing here
#8 - 2015-06-04 03:41:02 UTC
Molic Blackbird wrote:
GankYou wrote:
https://element-43.com/market/17453/
https://element-43.com/market/20/

Does look rather curious, it has 10% better yield than Kernite, so either the sellers are clueless, or the buyers are clueless. Or both. Big smile


Or you are clueless.Big smile

Regular Kernite has value beyond the minerals it refines into. Fiery Kernite does not have such an added value.



This is extremely limited. Maybe 1m units per day are destroyed by storyline missions in each of the main mission hubs, and another 1m total elsewhere.

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Quant Predictorian
Center for Advanced Studies
Gallente Federation
#9 - 2015-06-04 07:03:13 UTC
Molic Blackbird wrote:

Regular Kernite has value beyond the minerals it refines into. Fiery Kernite does not have such an added value.


Good point. But still it doesn't explain the active downtrend last 6 months or so. Something bigger must have happened to start this ugly downtrend.

Investor, ancap, correspondence chess player, Fischer random fan (http://www.chess959.com)
GankYou
9B30FF Labs
#10 - 2015-06-04 08:54:21 UTC
Molic Blackbird wrote:
GankYou wrote:
https://element-43.com/market/17453/
https://element-43.com/market/20/

Does look rather curious, it has 10% better yield than Kernite, so either the sellers are clueless, or the buyers are clueless. Or both. Big smile


Or you are clueless.Big smile

Regular Kernite has value beyond the minerals it refines into. Fiery Kernite does not have such an added value.


Out of the blue.

Delivery missions drive the billions, right. Smile

...And they all crave one thing - ISK. ¤

[WTS] ME10 / TE20 BPOs from Battleships/Cruisers to Fighters, Carriers, Triage/Siege, XL modules & Cap Components
Elizabeth Norn
Nornir Research
Nornir Empire
#11 - 2015-06-04 14:01:46 UTC  |  Edited by: Elizabeth Norn
Elizabeth Norn wrote:
If you look at Tritanium and Mexallon you'll see their prices have come down quite a bit from six months ago.


About half the value of Fiery Kernite comes from its Tritanium and Mexallon. I don't think you're asking the right question.

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Soldarius
Dreddit
Test Alliance Please Ignore
#12 - 2015-06-04 15:43:47 UTC
Nul/Losec ores were recently rebalanced to include significantly (~20% on average) more Isogen. So less demand for hisec ores from capital ship producers means a downtrend in Kernite prices.

http://youtu.be/YVkUvmDQ3HY
Justine Raggyri
Angry Frogs
#13 - 2015-06-07 12:37:07 UTC
I think the OP is referring to the fact that often the +10% variant ('Fiery') has lower market value than the base one or the +5% one, to the point it goes below the price of those.

At first sight it's nonsense: it should be about %10 more than Kernite, based on yield.

I've noticed that too, expecially in markets far fom Jita.

The explanation I can think of is that volume plays a role too... expecially in small markets, there isn't enough Fiery Kernite and thus completing any buy order with a significant amount takes forever. In fact ore buyers usually just don't need ore, they need ore in quantity. They want to buy a lot, and fast.

So I guess people who need Kernite in a short time don't even bother to enter a buy order for Fiery. That means less demand for Fiery and in the end lower price.