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Why is the Jita Market on a Full on Nosedive?

Author
HORAE Deteis
Galactic Deep Space Industries
Brave Collective
#1 - 2014-07-28 06:35:32 UTC
I have notised - almost all modules and stuff on the market is in a downward spiral most even to a 1/3 of the standard average a few months back?

What happened

Only Item actully climbing is PLEX?

You notise this if you try and sell modules gained from missions etc. most items I have inspected have a Price history graph going sharply DOWN since June 2014 ?

HD
Amber Lana
Pator Tech School
Minmatar Republic
#2 - 2014-07-28 07:09:13 UTC
Reprocessing changes, that's why.

I think.

"And it rained tears for fourty days and fourty nights."

Tau Cabalander
Retirement Retreat
Working Stiffs
#3 - 2014-07-28 07:22:18 UTC
Because of the market bug, I've not been able to do anything on the market this past weekend, but my wallet keeps ticking upwards.

If this is a "nosedive", bring it on!
Pix Severus
Empty You
#4 - 2014-07-28 16:33:35 UTC
I'm going to put on my tinfoil hat for a moment and suggest that the recent market crashes were intentional, in order to cover up just how dire the reduced loot prices post-Crius are going to be.

It's an adaptation of a tactic that you'll see in the retail industry. Lets say a company that manufactures chocolate bars wants to reduce the size of one of their products, yet keep it at the same price. Obviously customers won't be too happy that their favourite chocolate bar is now smaller, but still costs just as much. So the company puts the new, smaller chocolate bar on special offer for a couple of months, and the customers, blinded by this lower price, are happy to buy it. After the special offer is discontinued and the customers have long forgotten the original price and/or size of the bar, they put the prices back up to "normal" and their goal of having a smaller chocolate bar at the same price is achieved.

What I believe CCP have done is reduce the value of loot across the board, which many players will be unhappy with, and then orchestrated a market crash to drive those prices even lower. In a week or two, when the market has recovered, the loot prices will rise again (which will make players happy) but will still be much lower than they were pre-Crius.

I will now take off my tinfoil hat and bask in the buzz of the signals.

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Lucas Kell
Solitude Trading
S.N.O.T.
#5 - 2014-07-28 16:51:27 UTC
That... is pretty tinfoily.

Realistically, the price is crashing because people are all trying to sell of their modules all of a sudden. Prior to the changes, some people would sell while others would reprocess. Now you need max scrapmetal skills to get half the reprocessing rate, so most people are now just selling. That increased supply coupled with the actual material value being cut in half will drop the module prices rapidly.

Some of those modules should actually go up in price when they do the meta rebalance, so some people flash selling them now will probably be kicking themselves later.

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Falkor1984
The Love Dragons
#6 - 2014-07-28 18:23:34 UTC  |  Edited by: Falkor1984
Was wondering that myself as well. New processing mechanics might be a factor in the module market indeed.

But also prices on almost all moon materials (including intermediates and end products) are down a lot as well. I know some moons were added, but that amount of moons seems insignificant compared to the ones that were already there. Especially if you consider that a lot of (old or new) moons are inprofitable to mine anyway.

Maybe this is coming from the demand side? Is Eve losing active players at a high pace, leading to less demand? Or are people pissed off with the industry changes or what?
HeXxploiT
Doomheim
#7 - 2014-07-28 20:24:39 UTC
Interesting I did my due diligence pre-cruis and invested tens of billions and none of the hundreds of items I invested in have been crashing. It wasn't the market glitches as those equally effect buy as well as sell orders.

Poor research and investment maybe?
Amseln deBrabant
Ochsenbruegger
#8 - 2014-07-28 20:32:54 UTC
well t2-module margins are diving fast, thanks new industry (thats a good sign for the game, bad for newer industrialists) Pirate we deBrabant are alwys happy to bring you best quality product with lowest possible price
Sabriz Adoudel
Move along there is nothing here
#9 - 2014-07-28 23:28:32 UTC
Funny, the rat drop modules I trade have been soaring in price lately.

I must have picked modules where the primary demand for the module is to fit it to ships, not to reprocess it.

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TheSmokingHertog
Julia's Interstellar Trade Emperium
#10 - 2014-07-29 00:43:34 UTC
Marketts just go up if you ask me... Blink

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Sabriz Adoudel
Move along there is nothing here
#11 - 2014-07-29 02:01:55 UTC
TheSmokingHertog wrote:
Marketts just go up if you ask me... Blink


Well... not if you decided to invest in 1600mm Rolled Tungsten Armor Plates just before Crius.

Which would not have been a wise call.

I support the New Order and CODE. alliance. www.minerbumping.com

Tau Cabalander
Retirement Retreat
Working Stiffs
#12 - 2014-07-29 04:18:03 UTC
Sabriz Adoudel wrote:
Well... not if you decided to invest in 1600mm Rolled Tungsten Armor Plates just before Crius.

Which would not have been a wise call.

Ouch. No, not on my list at all. T2 only.

However, if one holds onto them until the module re-balancing, might get lucky... or maybe not.
RonPaul Rox
i'm from the government and i'm here to help
#13 - 2014-07-29 17:35:47 UTC
Tau Cabalander wrote:
Sabriz Adoudel wrote:
Well... not if you decided to invest in 1600mm Rolled Tungsten Armor Plates just before Crius.

Which would not have been a wise call.

Ouch. No, not on my list at all. T2 only.

However, if one holds onto them until the module re-balancing, might get lucky... or maybe not.


its a meta 4, the balance will hurt its competitiveness. thanks for pointing this out, im gonna buy some. as a FW guy and frequent flyer of cruisers, they are great when u cant fit the T2 b/c of PG/CPU

http://imgur.com/EGjYLSL

Sabriz Adoudel
Move along there is nothing here
#14 - 2014-07-29 21:25:24 UTC
Tau Cabalander wrote:
Sabriz Adoudel wrote:
Well... not if you decided to invest in 1600mm Rolled Tungsten Armor Plates just before Crius.

Which would not have been a wise call.

Ouch. No, not on my list at all. T2 only.

However, if one holds onto them until the module re-balancing, might get lucky... or maybe not.



Even the meta 4 plates had their price driven by reprocessing value, not usefulness on ships.

They do see some use, but T2 ones are better in many (not all) situations, and the meta 4 ones are in enormous supply.

I support the New Order and CODE. alliance. www.minerbumping.com

Exeodus
Masters of Mass
#15 - 2014-07-30 02:16:47 UTC
A friend of mine knows a person who has an uncle. This Uncle is a major T2 manufacture making perhaps .... a lot of the T2 products in circulation. He told my friend that he is trying to make the T2 market as unappealing to all the newbies trying industry out. If they want to play with the people who have been running the market for +10 years, they should expect a fight.

You did not hear this from meEvil
Adunh Slavy
#16 - 2014-07-30 04:37:56 UTC
Exeodus wrote:
You did not hear this from meEvil


In Eve's environment of near perfect competition, how is this different from any other day?

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Cista2
EVE Museum
#17 - 2014-07-30 05:47:13 UTC
Adunh Slavy wrote:


In Eve's environment of near perfect competition, how is this different from any other day?


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Zappity
New Eden Tank Testing Services
#18 - 2014-07-30 09:07:31 UTC  |  Edited by: Zappity
Sabriz Adoudel wrote:
TheSmokingHertog wrote:
Marketts just go up if you ask me... Blink


Well... not if you decided to invest in 1600mm Rolled Tungsten Armor Plates just before Crius.

Which would not have been a wise call.

One of my buy order characters slipped the net and had 1600mm and 800mm orders left up. They were cheap (pre-patch) so I only lost about 100m. Still embarrassing though just a drop in the bucket.

But everything else was considerably up. Actually, T2 jumped a bit higher than I was expecting - maybe people aren't accounting for ease of use impact yet. Or maybe I'm just wrong.

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Nihi Li'aldoko
The Mucking Fuppets
#19 - 2014-07-30 12:33:55 UTC
Anyone else notice that margins are getting slim? Seems like everything that was trading at 5-10% is sliding into the 3-4%. Is this just the market in chaos or is it the new norm?
Soldarius
Dreddit
Test Alliance Please Ignore
#20 - 2014-07-31 18:58:15 UTC
Amber Lana wrote:
Reprocessing changes, that's why.

I think.


The mineral value of all things meta has dropped 45-50% due to reprocessing skill changes. Because the mineral value is now lower, more players will be selling to market, thus increasing supply, and probably further reducing prices. But cheap meta 4 modules will get more inventors and buys purchasing. So perhaps that will be a net neutral change.

Market should stabilize soon.

http://youtu.be/YVkUvmDQ3HY

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