Market Discussions

Probably the millionth post on this topic but hey, that's an achievement in itself..

This isn't news at all, but i was sitting in space mining while doing some mineral calculations to see what would give best profit (refined, not used in manufacturing) and i was quite surprised that Scordite is currently the 3rd most valuable ore in the universe, isk/m3 wise only superceeded by the obvious Arkonor and Mercoxit.

I understand that one type of ore won't make the universe revolve but, i just can't understand how an ore as abundant as scordite can be the 3rd most valuable, heck if you mine massive scordite you're only a good 30 or so isk/m3 of ore behind Arkonor.


*cough Dalek voice*

Explain
Explain!!
EXPLAIN!!

Note: Click to order by isk/m³

Scordite is so good now because of the inflated Pyerite price. Why that is so high, I actually don't know. Missed that part. Hulkageddon aftermath?

The drone poo nerf is probably the largest contributing factor to pyerite climbing like crazy.

Currently, scordite is the second most valuable. see http://www.bsacse.amxg4.com/tools/index.php?id=oreincome


Supply vs. demand is your answer.

Scordite is in much less supply than Veldspar and That Other Rock. There's probably also some lingering "scordite is useless, I'll pick everything else instead" mentality going on.

Numbers aren't the same as on my site, but they're close enough. Pretty much down to minor differences in where we get pricing information, most likely (I'm getting (by default) the simulated 5% buy of the market in jita, from eve-marketdata)

Well I presume the price of high ends will go up now that tech has gone down, if only because insanely cheap disposable ships (hopefully) isn't something CCP want to see in Eve.

I presume this will happen when ring mining hits. Or when the build requirements are changed as is alluded to in the recent dev blog.

I suspect the pyerite ( and consequently scordite ) hikes are indicators the alloy hoards are finally significantly shrinking .
I suspect we're going to see another big minal price hike when they get close to being truely depleted.
I wonder if CCP sees this too & has pushed up the schedule of some of the mining ship changes:
http://www.eveonline.com/inferno/the-rebalancing-initiative/?utm_source=newsletter79&utm_medium=email&utm_campaign=newsletter79&sp_rid=Njk4MzcwODExNgS2&sp_mid=39480967
I suspect it is just coincidence though I have serious doubts about CCP's predictive powers.

Scordite remains as the second most profitable ore.

I see mineral prices dropping to pre-drone-poo/Meta0 nerf levels.

My reasoning:
Before drone poo/Meta0 nerfs, "Gun Mining" was just as effective as actual mining. Mission runners/Ratters were generally safer from suicide ganks than their mining counterparts and generally did their work without much harassment or loss (from other players anyway).

Now "gun mining" is off the table, relying on real mining to pick up the slack. My guess is that the new changes will generally keep most miners safe from harassment. 100% safe? Heck no. But it will no longer be as economical unless the goons ratchet up their bounty payments for permageddon.

Once the mining updates patch hits, miners will be in the same position as gun miners... generally (but by no means completely) safe from harassment in high sec. Thus the market will flood with high sec minerals and drop the prices. Meanwhile, low/null sec minerals will return to their proper place as being significantly more profitable than the high sec ores. Since the mining changes won't protect miners much from low/null/WH pirates.


Of course speculators and stockpilers will cause the markets to do all kinds of backflips before, during and after the patch that contains these adjustments.

I have no 'secret knowledge' of the mineral market. I just call it like I see it.