No, no, baby I ain’t convinced it ain’t so bad as you paint it
There’s plenty more heads of hair for us out there – (TMBG)
In case you don’t regularly look at minerals on the market and in case you might not noticed the prices of ore across the board have fallen sharply. In some cases, the minerals are lower than they’ve been in over a year. Things like tritanium are now abundantly available and no longer cash cows that they had become. Even the high end minerals that have historically been expensive are coming down. I don’t have a picture for the greater market as a whole as I just don’t keep up with everything, but I do keep a fairly close eye on minerals [the ore chart keeps getting updated].
I’ll refrain from speculating on the causes. Causality is a slippery slope that eventually leads to politicians philandering and your milk turning bad.
The results have not yet begun to filter down, but a cursory analysis [scribbling on back of an Al Abd picture in my pod] indicates that it could affect Tech 1 production costs by as much as 15%. While this good for the producers, I doubt we’ll see a corresponding change in consumer prices anywhere near that much, if at all. Maybe it will finally pay off to make T1 things again?
It absolutely will reflect on consumer prices for t1 goods. The low barrier to entry for these goods means that anyone can build the stuff, and will if the profit is there. And extra supply will lower the price down to manufacturing costs.
Tech 1 effectively has more suppliers than it needs, and as long as that is true, prices will hover around manufacturing costs.
Yep, it’s almost (but not quite) to the point where it’s worth self destructing T1 ships (at least for me). The minerals have prety much hit rock bottom atm. T1 prices are soon to follow.
I agree, I think it is likely that T1 prices will fall, and soon. We have some nearly perfect frigate BPOs we roll out for insurance destructions as well.
Prices have been dropping steadily for almost 2 weeks now. My profit margin in my T1 business hasn’t changed at all (even lowered a bit) since the minerals became so low.
And to add on what Letrange said, I think that Self-destructing ships will be profitable next week if prices don’t stabilize.
I wonder if the new 0.0 developments will bring priced down even further?
BTW, thanks for the Ore price sidebar, I use your site to get a quick update before mining ops! (WH Arkonor, FTW!)
Thanks for the input!
@Sharina: When you say prices have been dropping steadily for almost 2 weeks, are you referring to module or mineral prices? Also, is this something you are seeing locally/regionally or are tracking across New Eden? I ask because operating out of Tash-Murkon means our markets lag behind some of the other more populous region.
@Jaggins: What would we do without thee, poor Arkonor?
I think my biggest hope for the 0.0 developments is that they will also release full blueprint availability for things available on the market, towers, deployables, etc as well as create a way to make the other consumables harvestable other than just dumping copious amounts of isk on the market [realizing fully this is one of the sinks to drain off some of the inflation].
@kename: i’m talking mainly of prices in Sinq Laison and Essence. Prices of minerals have been falling a bit for about 4-5 weeks (with the rise and fall of Mexallon), but modules and ships prices have started to drop around 2 weeks ago, and they mostly caught up by now (not for everything, but for huge volume T1 stuff).
And for Insurance, I confirm as of this moment (I checked yesterday Evening) that many ships insurance payout is now over the “Cost”. We’ll be doing a corp “Lets buy all those XXXX ships and destroy them to gain money and break the minerals market” op tonight
I’ll calculate the total value of things destroyed and post back tomorrow for fun with the numbers 