Painite price collapse overnight

Scoob

Scoob
Hey all,

Just popped in-game, was considering doing a little mining. Checked Painite prices using the Miner's Tool and the offer price has dropped hugely. Last night I as seeing offers of over 900k cr per tonne - albeit in smaller amounts - but the demand was there and increasing based on historical numbers, or at least remaining fairly steady over time.

I've only recently returned to the game and don't recall seeing the markets crash like this, outside of direct Developer intervention. Are these market highs and crashes the norm now? I've only done a couple of Painite runs - well, four to be exact - and I got good prices the first time, fell foul of the new (for me) bulk tax the second time, but then sold two smaller loads last night for a good price.

Sure, I can still get 684k per tonne at the best place - a fair bit of jumping required though - but that's still quite a drop. Usually, again with a bit of jumping, I've been able to find top prices somewhere. perhaps I've missed some announcement / news?

Scoob.
 

Crank Larson

Crank Larson
It varies over the week. It also depends if the high value sell places have been found (changes depending upon state). The 900k offers should appear again if you keep an eye out.
 

Stealthie

Stealthie
Blimey!

It's almost as if there's some risk attached to the whole endeavor now?!
I guess the benefit of an FC is that you can just bung your stock into it's Market and then wait until prices recover... as long as the price doesn't continue to get worse.

Also:-

Are you concerned about the possibility of economic disaster?

... erm, in ED, I mean. 😕 Back when we were all farming the poop out of surface-scan missions, skimmer missions, passenger missions or whatever, and then basing our plans on the credits we might earn doing those things, if that source of income collapsed then we'd have to defer our plans and...
forums.frontier.co.uk forums.frontier.co.uk
 

777Driver

777Driver
Stealthie said:
Blimey!

It's almost as if there's some risk attached to the whole endeavor now?!
I guess the benefit of an FC is that you can just bung your stock into it's Market and then wait until prices recover... as long as the price doesn't continue to get worse.

Also:-

Are you concerned about the possibility of economic disaster?

... erm, in ED, I mean. 😕 Back when we were all farming the poop out of surface-scan missions, skimmer missions, passenger missions or whatever, and then basing our plans on the credits we might earn doing those things, if that source of income collapsed then we'd have to defer our plans and...
forums.frontier.co.uk forums.frontier.co.uk
Click to expand...

Nothing is getting worse, hold onto stock as normal, wait until the right station with demand pops up, offload and minimise bulk tax. Someone mentioned the other day that demand is broken, so that is in our favour, at least till they patch it.
 

Scoob

Scoob
Thanks for the replies guys. Not really fussed, it's just that something different happened in ED, which is amazing in its self lol.

I'm sitting on about 500 tonnes of Painite, so I'll just wait and sell it when I can get top price for it. In no rush and have no need of the money, just found mining a moderately relaxing pass time. However, while I don't need the money, I want to get as much as I can for a given activity. I find this satisfying.

Pondering what I'll do if I go in-game this evening now. I was considering a little more mining - still might do that - but doing some 100/200 tonne sales runs if off the cards until the market recovers. For me, while I've done it many a time in the past, manually hunting around for the best offer price isn't my idea of fun or time well spent. Hence why I use tools such as the Miner's Tool. I've not even checked if the in-game tools are fit for purpose yet, they never really have been when I checked previously.

Scoob.
 

777Driver

777Driver
Scoob said:
Thanks for the replies guys. Not really fussed, it's just that something different happened in ED, which is amazing in its self lol.

I'm sitting on about 500 tonnes of Painite, so I'll just wait and sell it when I can get top price for it. In no rush and have no need of the money, just found mining a moderately relaxing pass time. However, while I don't need the money, I want to get as much as I can for a given activity. I find this satisfying.

Pondering what I'll do if I go in-game this evening now. I was considering a little more mining - still might do that - but doing some 100/200 tonne sales runs if off the cards until the market recovers. For me, while I've done it many a time in the past, manually hunting around for the best offer price isn't my idea of fun or time well spent. Hence why I use tools such as the Miner's Tool. I've not even checked if the in-game tools are fit for purpose yet, they never really have been when I checked previously.

Scoob.
Click to expand...

There are two stations confirmed buying high at the moment. I cant confirm if demand fluctuates though (so can only let you know via PM) I have been monitoring one of them for a few days, either not many cmdrs are hammering it or painite demand doesn't budge as mentioned by a cmdr on this forum. Once BGS states change, it will crash down to 700k or lower.
 
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Bottom Hat

Bottom Hat
Scoob mate, the prices change at certain stations and systems based on bgs states and a combination of them. I've not done enough mining to remember which are the right combo for painite, but as soon as the tick happens (and one of the bgs states goes away) the price will drop back to normal.

I think it's possible to have a fair few places in the bubble in the right states at any one time, so have a look around as it might not be far away. Otherwise you can hold it as 777 says above.

You can Google the bgs states for high prices I imagine, but I hope this helps out.
 

Scoob

Scoob
Before I took my break, markets for Painite and the like were a lot more stable. Things have changed and I'm attempting to learn if these are random "Oh, FDev sigh" moments or have some logic behind them. Glad to hear it's the later, though I pay little attention to the BGS. I'll likely just sit on my current stock until Prices improve... or get out there and start checking myself. Being a bit lazy lol.

Scoob.
 

Scoob

Scoob
Just went to my prior selling location - getting over 900k cr last night - and they're now offering just 200k cr! Ouch. No sale! lol.

FYI: I have 200 tonnes on board and the demand is 1,470t. Now that's a market crash!

Scoob.
 

Borko

Borko
I don’t think anything ‘crashed’ per se. What I did see was a number of stations offering good prices at decent supply. The big station in Lauksa, ie., was buying above 950k with a 1500 supply. Predictably, the system was stiff with FCs, presumably offloading like crazy before the price dropped.
 

Scoob

Scoob
Borko said:
I don’t think anything ‘crashed’ per se. What I did see was a number of stations offering good prices at decent supply. The big station in Lauksa, ie., was buying above 950k with a 1500 supply. Predictably, the system was stiff with FCs, presumably offloading like crazy before the price dropped.
Click to expand...

That's where I just visited, it's been my regular selling location since returning to mining. They're offering just over 200k cr per tonne of Painite at the moment - I was there 20 minutes ago.

Note: Demand was showing as 1,400 tonnes when I arrived with just 200, yet the price was 200k!

Scoob.
 

777Driver

777Driver
As mentioned via PM, I've been selling there this morning. Am still parked there, been working from home so haven't checked in the last few hours.

Another one will pop up, keep an eye on the markets.

edit - this is why I got a second carrier, I just offload to the bubble carrier, it allows me to use the main one without carting around thousands of tonnes of valuable cargo that can only be sold in the bubble.
 
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Stealthie

Stealthie
Scoob said:
Thanks for the replies guys. Not really fussed, it's just that something different happened in ED, which is amazing in its self lol.

I'm sitting on about 500 tonnes of Painite, so I'll just wait and sell it when I can get top price for it. In no rush and have no need of the money, just found mining a moderately relaxing pass time. However, while I don't need the money, I want to get as much as I can for a given activity. I find this satisfying.

Pondering what I'll do if I go in-game this evening now. I was considering a little more mining - still might do that - but doing some 100/200 tonne sales runs if off the cards until the market recovers. For me, while I've done it many a time in the past, manually hunting around for the best offer price isn't my idea of fun or time well spent. Hence why I use tools such as the Miner's Tool. I've not even checked if the in-game tools are fit for purpose yet, they never really have been when I checked previously.

Scoob.
Click to expand...

Honestly, I wouldn't be surprised if this is a deliberate change - not something that's happened right now, but at some point... deliberately.

A lot of us do, after all, now own giant flying warehouses so I guess it's plausible that FDev might've decided to encourage us to make use of them.

Immediately after FC's went live, I suspect FDev saw a bunch of players dumping 20,000 tonnes of Painite onto the market every couple of weeks and earning all the credits and maybe they decided our FC's should become a factor in how we earn... and, of course, in that case owning an FC becomes more desirable too.

After all, if you decide to go mining now, when the price of Painite is in a slump, you're either stuck with a cargo-hold of Painite or you're forced to sell it for a low price.
If you're losing, say, Cr300m a time, it won't take long before it actually becomes financially justifiable to spend Cr5bn on an FC which'll allow you to stockpile it and flog it when the market's buoyant.
 

Scoob

Scoob
777Driver said:
As mentioned via PM, I've been selling there this morning. Am still parked there, been working from home so haven't checked in the last few hours.

Another one will pop up, keep an eye on the markets.
Click to expand...

Yes, cheers for that, I'd made a few sales runs to that station over the past couple of days. I just wasn't on early enough today to sell the rest of my stock - only have 500t and I can sit on that until the prices improve. I might even mine some more - I find it relaxing - and add to my hoard.

Will keep checking that system (in a faster ship) as well as the Miner's Tool.

Scoob.
 

GraphiteGB

GraphiteGB
Public holidays ended at the daily server tick that happens daily..
Just as the public holiday was enabled at the stations with the daily server tick they were removed with the daily server tick as well...
Public holidays only last a max of two days at a single system status nothing new and nothing likely to change...
Tick - Elite BGS
Screenshot_20201019_175825.png

Screenshot_20201019_182459.png

Screenshot_20201019_183010.png
 
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Danieros

D
Faction states come with their price multipliers for goods, and that's how the 900k+ painite prices are possible, with multiple faction states stacked. You can check and help feed data into the wild goose chase website that's dedicated to help scouting out systems for potential stacked states.

Since painite, intended or not will always fully replenish demand, once a good system is found it will remain viable at least until the next BGS daily tick, which is when the faction states will need to be checked again.
 

Kekkonshiki

Kekkonshiki
Borko said:
I don’t think anything ‘crashed’ per se. What I did see was a number of stations offering good prices at decent supply. The big station in Lauksa, ie., was buying above 950k with a 1500 supply. Predictably, the system was stiff with FCs, presumably offloading like crazy causing the price to drop.
Click to expand...
Fixed that for you. ;)
 
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