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Megacyte and Zydrine prices

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Author
Charity Jim
EVE Charity
#1 - 2015-03-20 09:54:07 UTC  |  Edited by: Charity Jim
Does this increasement have something to do with yesterdays fanfest or is someone playing with prices? I heard that CCP is going to change pos mechanics or something, maybe this is the reason.
Anyway I made nice cash with my orders.

I bought Zydrine 381 like 2-3 days ago sold it at 472, now it's 600 and buy orders 523...
I bought Megacyte 686 and sold 745, now it's 1023 and buy 860- 950

Please let me know if you know more.
Warmonger Simon
Trinity Alpha Zero
#2 - 2015-03-20 10:09:56 UTC
Could be speculation due to null ore changes that are coming.
GankYou
9B30FF Labs
#3 - 2015-03-20 10:57:52 UTC  |  Edited by: GankYou
I have a thread on this very topic in Science & Industry section - https://forums.eveonline.com/default.aspx?g=posts&m=5594827#post5594827

*New* Addition of abundant Nullsec Ore Anomalies at Fanfest 2015

In short, let me quote the lead Dev on the matter. Smile

Quote:
"Some forms of ISK making in Nullsec need more help than others; We are ready to announce some changes we are making, specifically for Nullsec Mining --- This is also scheduled for April release

There are a series of changes, which we are incorporating a lot of great ideas that came from CSM miners... The actual change is a Complete Rebuild of Nullsec ORES!

After these changes, the ore prospecting array nullsec anomalies will contain only Nullsec ores, but the Nullsec ores themselves will contain ALL of the minerals you need to build everything you want to build in Nullsec."

The goal here is to build a system that is much more sustainable, that allows people to increase Nullsec self-sufficiency - Allow you to build what you need to build at home."


However, it could also be partly due to stockpiling for the coming Great Eve War III, and partly due to panic buying stemmed from the uncertainty in the above. Smile

You may make my wallet flash as a token of Thank You for bringing this information to you.

Regards,

-Information Broker

P.S. For more information & analysis of what is going to occur in the coming weeks to these price movements, I offer a 450 mil ISK one-time issue newsletter on the matter.
Sabriz Adoudel
Move along there is nothing here
#4 - 2015-03-20 11:17:41 UTC
So CCP have changed their opinion and no longer believe that nullsec should be forced to import Mexallon from other areas of the game?

This is - interesting.

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

Akrasjel Lanate
Immemorial Coalescence Administration
Immemorial Coalescence
#5 - 2015-03-20 12:04:49 UTC
Warmonger Simon wrote:
Could be speculation due to null ore changes that are coming.

Yea... a buff to them

CEO of Lanate Industries

Citizen of Solitude

virm pasuul
Imperial Academy
Amarr Empire
#6 - 2015-03-20 22:35:02 UTC
Fozzie also specifically mentioned the price crash of Megacyte and Zydrine. I can't quote exactly but it was in the same time frame as the proper quote above. Within a few minutes either way. His tone was that the low prices were a problem.

It may just have been Fozzie giving two examples of an overall nullsec minerals crash, it was an almost off the cuff comment.
It may also have been Fozzie just having some fun, drop the name of two minerals accidentally on purpose and watch the effect for poops and giggles.
Anyway that comment and those two minerals got picked up on fast. Within minutes the price on Jita was on it's way up, and shortly later the other hubs joined in.

It may be all null sec minerals will be buffed by CCP in terms of their prices going up, in which case other minerals will also go up. Or it may be Megacyte and Zydrine specifically.

CCP could do a few things.

The new structures could be skewed towards null sec minerals for construction to increase demand for them.

If CCP makes null sec more mining self sufficient, then that reduces the incentive to ship null sec minerals to high sec.
e.g. if freighters don't need to visit high sec to buy high sec minerals then they won't be bringing out null sec minerals to make the trip even more profitable. They will only bring out null sec minerals when the market makes the trip worthwhile.
Paranoid Loyd
#7 - 2015-03-20 23:12:32 UTC
INB4 Mr Omniblivion says I told you so.

"There is only one authority in this game, and that my friend is violence. The supreme authority upon which all other authority is derived." ISD Max Trix

Fix the Prospect!

GankYou
9B30FF Labs
#8 - 2015-03-21 12:21:55 UTC  |  Edited by: GankYou
virm pasuul wrote:
Fozzie also specifically mentioned the price crash of Megacyte and Zydrine. I can't quote exactly but it was in the same time frame as the proper quote above. Within a few minutes either way. His tone was that the low prices were a problem.

It may just have been Fozzie giving two examples of an overall nullsec minerals crash, it was an almost off the cuff comment.
It may also have been Fozzie just having some fun, drop the name of two minerals accidentally on purpose and watch the effect for poops and giggles.
Anyway that comment and those two minerals got picked up on fast. Within minutes the price on Jita was on it's way up, and shortly later the other hubs joined in.

It may be all null sec minerals will be buffed by CCP in terms of their prices going up, in which case other minerals will also go up. Or it may be Megacyte and Zydrine specifically.

CCP could do a few things.

The new structures could be skewed towards null sec minerals for construction to increase demand for them.

If CCP makes null sec more mining self sufficient, then that reduces the incentive to ship null sec minerals to high sec.
e.g. if freighters don't need to visit high sec to buy high sec minerals then they won't be bringing out null sec minerals to make the trip even more profitable. They will only bring out null sec minerals when the market makes the trip worthwhile.


I have information that someone bought up all the Zydrine upto 550 ISK p/u and Megacyte upto 950 p/u all across Empire yesterday.

Smile
GankYou
9B30FF Labs
#9 - 2015-03-21 12:44:17 UTC  |  Edited by: GankYou
There has been a sizeable Megacyte dump today in Jita just under 900-930. I expect it to disappear soon.

Smile
Charity Jim
EVE Charity
#10 - 2015-03-21 17:45:39 UTC
Good intel No more Zydrine or Megacyte in that price range ;)
GankYou
9B30FF Labs
#11 - 2015-03-22 21:02:52 UTC  |  Edited by: GankYou
A Zydrine dump 50 million units in volume has surfaced in Jita again, priced currently at 583.85. Smile
Sabriz Adoudel
Move along there is nothing here
#12 - 2015-03-22 21:59:02 UTC
I don't see this ending well for the speculators, but I'm open to being proven wrong.

I forsee a dramatic increase in null mining post sov overhaul and Meg/Zyd will still be the most oversupplied minerals.

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

GankYou
9B30FF Labs
#13 - 2015-03-22 22:50:59 UTC
Indeed. Speculation is very risk-involved.

One simply can't go against market forces, involving cyclical inflection points. Smile
Sabriz Adoudel
Move along there is nothing here
#14 - 2015-03-23 00:24:39 UTC
Edit: My post should not be taken in any way to mean that I don't think there's opportunities to flip Zyd/Mega in the short term. I just think buying for medium term holding is going to go badly.

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

Ren Oren
Native Freshfood
Minmatar Republic
#15 - 2015-03-23 03:32:45 UTC  |  Edited by: Ren Oren
I'm starting to see this as "buy the rumor, sell the news"

And Sundays have always been "Seller doomsday/Buyer's paradise" since so many sellers are looking to sell on Sunday for whatever reason. If the trend continues into prime EU/US time Monday, I would start selling some stock
GankYou
9B30FF Labs
#16 - 2015-03-23 03:43:10 UTC  |  Edited by: GankYou
As is ordained by the Almighty, there are always two sides - the Ying & the Yang, the up and the down - to one coin. The concept can apply both ways, however you have to interchange the buy & sell. Smile

Moreso, that would only be the start of the story.

I won't spoil it. Smile
Adunh Slavy
#17 - 2015-03-24 01:19:00 UTC
There is no such thing as the right price, all we know for certain is that the price of Zyd, Meg and to a smaller degree, morph, do not match up well with the general build ratios, this however may be of little concern to CCP.

It seems they're more interested in null sec mining what it needs with out having to ship it. As such, that is where the price would change first. Other mineral price changes would be a secondary manifestation.

Despite all of CCP's efforts however, high sec continues to dominate the production landscape and very likely always will; sans any disastrously draconian measures imposed by CCP.

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

Ioci
Bad Girl Posse
#18 - 2015-03-24 09:00:04 UTC
GankYou wrote:
A Zydrine dump 50 million units in volume has surfaced in Jita again, priced currently at 583.85. Smile


And I'm sure that's the tip of the iceberg.
I have Zydrine and Megacyte I bought two years ago.

R.I.P. Vile Rat

Ekaterina 'Ghetto' Thurn
Department 10
#19 - 2015-03-24 10:48:32 UTC
Sabriz Adoudel wrote:
I don't see this ending well for the speculators, but I'm open to being proven wrong.

I forsee a dramatic increase in null mining post sov overhaul and Meg/Zyd will still be the most oversupplied minerals.


'Stupid is as stupid does'.

I agree that idiots in nullsec flooded the market rather than using one brain cell and rationing out how much they sold. CCP Fozzie is about to make null-sec self-sufficient. The amount of renters in null-sec will increase exponentially resulting again in another massive drop in the price of Zydrine & Megacyte. Then the same whinging null-sec people will start whinging about the prices again.

" They're gonna feel pretty stupid when they find out. " Rick. " Find out what ? " Abraham. " They're screwing with the wrong people. " Rick. Season four.   ' The Walking Dead. ' .

GankYou
9B30FF Labs
#20 - 2015-03-24 12:16:00 UTC  |  Edited by: GankYou
Ioci wrote:
GankYou wrote:
A Zydrine dump 50 million units in volume has surfaced in Jita again, priced currently at 583.85. Smile


And I'm sure that's the tip of the iceberg.
I have Zydrine and Megacyte I bought two years ago.


That isn't questioned. Smile

Anyone who's investing, is betting on Eve's bright future, where market distortions are abated, there's major increase in the number of new players along with new peaks in pilot activity.

Eve Great War III is also a major figure in that bet. Smile

A far greater concern for those involved should be directed to the Lower end minerals, as their prices return to historical means in due time.
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