Wednesday, July 06, 2016

Project Vulcan: Slower than a Moros In July

After the capital changes I built a Moros with the new build requirements and as per usual put it on the market in Placid, aiming to have the lowest price in the region. Usually the hull sells within a week, two at most, but here we are a month later and still the Moros has not sold.

The reasons for this lack of turnover seems to be twofold:

- The market has a lot more ships for sale than I've previously experienced:
Usually more like 5-6 orders

- People are not buying as often as they used to:
That last one I purchased myself as I believe I can resell at a profit later.
When you have increase in supply and lower demand it becomes harder to get your product to move if there it at least once other seller willing to update prices as often or more often than you, and I've certainly been experiencing that.

What's more disconcerting is that I don't know the exact reason for either change in market behaviour. Dreadnoughts became about 25% cheaper in material costs to build but not any easier in terms of blueprint requirements so it seems unlikely a significant number of builders started all of a sudden. And while the patch changed capitals a lot Dreadnoughts did not become suddenly a lot worse in general, and Moros in particular, to suggest a lot of pilots are deciding to liquidate their hulls.

I have unsubstantiated theories. One possibility is that the vast improvements we have seen in Carriers in sub-cap warfare has pushed dreadnought usage lower and thus created a backlog in the market. Another is that there were a lot of dreadnoughts built for World War Bee and now that that conflict has settled down into pure subcap warfare a lot of pilots rather liquidate than try to move them elsewhere. Or in a similar vein, disposed Imperium members are liquidating their assets as they rebuild.

None of those feel certain to me, but it matters very little in the grand scheme of things. Prices will continue to drop until the equilibrium is reached by people buying more or sellers selling less. Its the nature of the pure market.

I'm in no rush. The Astrahus market is humming along nicely still.

6 comments:

  1. I am curious if the dropping prices has reached your break-even point yet.

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  2. Probably just that the Moros isn't great after the rebalance.

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  3. most people I know buy their caps built to order and moros is 1.8 bln currently

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    Replies
    1. That's almost 2 PLEXes compared to 1.5 last year, maybe this is a factor for wealthier players whose savings are invested into PLEX?

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  4. I'd argue that a number of industrialists switched to dreads, particularly those building for their alliances. Many alliances have been heavily pushed to get dreads. Personally, i switched entirely from carriers to dreads now that dreads have a sma. So, if argue that the group of people supplying its definitely up, a is demand.

    WWB effect is definitely a thing, though

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  5. I'd argue that a number of industrialists switched to dreads, particularly those building for their alliances. Many alliances have been heavily pushed to get dreads. Personally, i switched entirely from carriers to dreads now that dreads have a sma. So, if argue that the group of people supplying its definitely up, a is demand.

    WWB effect is definitely a thing, though

    ReplyDelete