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Are high sec minerals dropping in price?
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Sweet Adamas
Federal Navy Academy
Gallente Federation
#1 - 2016-12-06 14:21:06 UTC
Prices seem to have dropped heavily since the last expansion.

Any thoughts?
Kiddoomer
The Red Sequence
#2 - 2016-12-06 14:45:57 UTC
Hum, maybe speculation with alpha accounts and their access to the venture but doesn't seem to be this for me.

Or better : Null sec not needing high sec ore anymore with their Rorqual vacuuming ore like there's no tomorrow.

In the name of Jirai 'Fatal' Laitanen : “Some capsuleers claim that ECM is 'dishonorable' and 'unfair'. Jam those ones first, and kill them last.”
SurrenderMonkey
State Protectorate
Caldari State
#3 - 2016-12-06 14:55:51 UTC
Kiddoomer wrote:
Hum, maybe speculation with alpha accounts and their access to the venture but doesn't seem to be this for me.

Or better : Null sec not needing high sec ore anymore with their Rorqual vacuuming ore like there's no tomorrow.



It's that last bit, along with increased yields overall from boosting ships actually mining, etc.

"Help, I'm bored with missions!"

http://swiftandbitter.com/eve/wtd/
Lady Ayeipsia
BlueWaffe
#4 - 2016-12-06 16:59:21 UTC
We may also be seeing Alphas logging in and liquidating assets, including mineral stock piles.
SurrenderMonkey
State Protectorate
Caldari State
#5 - 2016-12-06 19:00:06 UTC
In any case, I would like the person who was predicting 600m Gilas (Lol)to show himself and explain what went wrong.

"Help, I'm bored with missions!"

http://swiftandbitter.com/eve/wtd/
Scotsman Howard
S0utherN Comfort
#6 - 2016-12-06 20:44:15 UTC
SurrenderMonkey wrote:
In any case, I would like the person who was predicting 600m Gilas (Lol)to show himself and explain what went wrong.


Where was this predicted and in what context? Makes no sense given where they come from if he was thinking in terms of mineral prices.
SurrenderMonkey
State Protectorate
Caldari State
#7 - 2016-12-06 20:54:39 UTC
Scotsman Howard wrote:
SurrenderMonkey wrote:
In any case, I would like the person who was predicting 600m Gilas (Lol)to show himself and explain what went wrong.


Where was this predicted and in what context? Makes no sense given where they come from if he was thinking in terms of mineral prices.



I know. Roll It was in the whiny-crybaby Rorqual Genocide thread that was all about how nobody will ever put a Rorqual in a belt for any reason. It's a pretty hilarious read.

"Help, I'm bored with missions!"

http://swiftandbitter.com/eve/wtd/
Haffsol
#8 - 2016-12-06 21:45:08 UTC  |  Edited by: Haffsol
There are more rorqs than ventures in the belt nowadays. Only today 9 fell prey to the Darwin's army.
Toobo
Project Fruit House
#9 - 2016-12-08 01:37:09 UTC
I actually remember seeing that 'GIla to hit 600m mark' post. I can't be bothered to dig it up but I think it was in one of those threads about proposed Rorqual changes, before it became clear that drone mining with Rorqs could be a thing. IIRC, the logic was that no ship was going to get boost (because nobody will want to be on grid to give mining boosts' and nobody will ever fly Rorqs, so there will be shortage of minerals and Gilas will cost 600m. ha. ha....

Cheers Love! The cavalry's here!
Princess Adhara
University of Caille
Gallente Federation
#10 - 2016-12-08 03:01:08 UTC
Toobo wrote:
I actually remember seeing that 'GIla to hit 600m mark' post. I can't be bothered to dig it up but I think it was in one of those threads about proposed Rorqual changes, before it became clear that drone mining with Rorqs could be a thing. IIRC, the logic was that no ship was going to get boost (because nobody will want to be on grid to give mining boosts' and nobody will ever fly Rorqs, so there will be shortage of minerals and Gilas will cost 600m. ha. ha....


https://forums.eveonline.com/default.aspx?g=posts&m=6601167#post6601167
Greenbaumberk
5 Jungs
#11 - 2016-12-10 13:14:31 UTC
Princess Adhara wrote:
Toobo wrote:
I actually remember seeing that 'GIla to hit 600m mark' post. I can't be bothered to dig it up but I think it was in one of those threads about proposed Rorqual changes, before it became clear that drone mining with Rorqs could be a thing. IIRC, the logic was that no ship was going to get boost (because nobody will want to be on grid to give mining boosts' and nobody will ever fly Rorqs, so there will be shortage of minerals and Gilas will cost 600m. ha. ha....


https://forums.eveonline.com/default.aspx?g=posts&m=6601167#post6601167


Oh that thread... I instantly felt dumber after reading it Shocked
Thomas Lot
School of Applied Knowledge
Caldari State
#12 - 2016-12-12 12:58:09 UTC  |  Edited by: Thomas Lot
Actually if you take a close look at the latest Monthly economic report you will see that mining in general has decreased by about 30-50% in most null sec regions. I was interested in seeing whether that prediction had any legitimacy. While the actual prediction of 600m Gila was indeed a hyperbole the fact remains that fewer minerals are being gathered overall.

Several economic streamers made predictions of crashing prices in the mineral market and while we did see a few days of mineral decreases in prices that has corrected itself after the last three weeks of reality.

High sec minerals have come down significantly most likely due to the vastly increased number of venture miners and/or returning players liquidating stock. However the nul sec minerals (Zydrine, Megacyte) has increased in price due to the decrease in harvesting of those ores.

Many people are beginning to place Porpoise and Orca on grid, but there are nowhere near the number of Rorquals being placed on grid with miners as was thought to happen. Of course I am speaking from my perspective of looking at the reported economic reports and making a judgement from those numbers.

I have seen the fleets of Rorquals in deep Sov Nul but I believe those to be outliers. In general there is a lower use of the Rorqual than was thought.
Tipa Riot
Federal Navy Academy
Gallente Federation
#13 - 2016-12-12 14:44:40 UTC
The last report misses the amount of mining with drones, which got a massive boost. Hence the observed decline in turret mining is not reflecting the reality.

I'm my own NPC alt.
Thomas Lot
School of Applied Knowledge
Caldari State
#14 - 2016-12-12 16:25:46 UTC
Tipa Riot wrote:
The last report misses the amount of mining with drones, which got a massive boost. Hence the observed decline in turret mining is not reflecting the reality.



Tipa I am not doubting your statement in any way, but do we have a reference for this?
SurrenderMonkey
State Protectorate
Caldari State
#15 - 2016-12-12 19:44:12 UTC
Thomas Lot wrote:
Tipa Riot wrote:
The last report misses the amount of mining with drones, which got a massive boost. Hence the observed decline in turret mining is not reflecting the reality.



Tipa I am not doubting your statement in any way, but do we have a reference for this?


It was literally written on one of the charts in the economic report that drone logging was broken for a portion of the period. Looks like about 25% of the period between the patch and the end of the month.

"Help, I'm bored with missions!"

http://swiftandbitter.com/eve/wtd/
Thomas Lot
School of Applied Knowledge
Caldari State
#16 - 2016-12-12 21:45:27 UTC
I must have just overlooked it. I'll go back and review. Thanks!
SurrenderMonkey
State Protectorate
Caldari State
#17 - 2016-12-13 01:48:42 UTC
Thomas Lot wrote:
I must have just overlooked it. I'll go back and review. Thanks!


It's also worth noting the units used in the economic report: It's ISK value. Not m3, but ISK value.

Consequently, it's sensitive to price changes as well as the amount of ore actually mined.

"Help, I'm bored with missions!"

http://swiftandbitter.com/eve/wtd/
Shayla Etherodyne
Delta Laroth Industries
#18 - 2016-12-13 07:35:33 UTC  |  Edited by: Shayla Etherodyne
The system index is based on actual amount mined (or at least I hope so), so what you mine with drones should be recoded somewhere, or some system will suffer a index loss.

My corp currently isn't using a rorqual (at least when I am logged) but, from what a friend of mine was was saying, some rorqual pilot is "lamenting" that with his mineral hold and compression he can't keep pace with how much he and a couople of friends can mine in a belt. He absolutely need a dedicated hauler.
Sweet Adamas
Federal Navy Academy
Gallente Federation
#19 - 2016-12-14 15:26:04 UTC
Highsec Ores and mins are falling through the floor but nullsec Ores/mins are rising.


Dumping and less reliance on highsec for Ore may be the answer
Shayla Etherodyne
Delta Laroth Industries
#20 - 2016-12-14 19:46:24 UTC
CCP Fozzie wrote:

We have decided that we need to make a tweak in our December release next Tuesday to adjust the balance of mining Rorquals and keep the mining economy in a healthy place.

We are planning two connected changes in this release:
  • Reducing the mining yield of 'Excavator' Mining Drones by 32%
  • Increasing the drop rates of the Elite Drone AI and Drone Coronary Unit rogue drone components



So probably we will see another change in prices in the near future. Elite drones AI has already dropped to 1/3 of the previous price.