Do mineral prices change??

[Leonir]

I got to a new planet and found a bunch of Emeril??, I saw it was like 600/unit so I mined a ton and flew to the space station to sell it. I dropped a beacon so I could go back and after mining for a while I noticed the value was like 200/unit now. Do prices change if you flood the market with a large quantity of a mineral? Is there a supply /demand simulation thing going on?

[fnberger]

more like prices going down until you need to move to another system.

[Leonir]

Could you explain?

Originally posted by fnberger:

more like prices going down until you need to move to another system.

[Blissett]

Originally posted by Leonir:

Could you explain?

Originally posted by fnberger:

more like prices going down until you need to move to another system.

The base price for any item will go down in the entire system with each item of that type that you sell. So, if you sell, say, 20000 emeril, it'll tank the base price for emeril in the system (both for buying and for selling) so it'll stop being profitable to sell emeril at that system for several days played at least.

The price is system-specific tho, so you can fly to a different system, sell there, which will then tank the price there, so you'll have to fly to a third system to sell again, and so forth.

Its not a proper simulation since buying will never drive prices up. It goes down with each unit of the item sold in the system, and goes back to the base price over time.

With the current system, its better to sell as much of an item in one single transaction as possible (a full ship cargo hold, for example) as every item will have the full price for that transaction, instead of gradually decreasing.

[Leonir]

Awesome thank you. Also is a system a combination of galaxies, or if I use the warp drive to a different galaxy also a different system?

Originally posted by Blissett:

Originally posted by Leonir:

Could you explain?

The base price for any item will go down in the entire system with each item of that type that you sell. So, if you sell, say, 20000 emeril, it'll tank the base price for emeril in the system (both for buying and for selling) so it'll stop being profitable to sell emeril at that system for several days played at least.

The price is system-specific tho, so you can fly to a different system, sell there, which will then tank the price there, so you'll have to fly to a third system to sell again, and so forth.

Its not a proper simulation since buying will never drive prices up. It goes down with each unit of the item sold in the system, and goes back to the base price over time.

With the current system, its better to sell as much of an item in one single transaction as possible (a full ship cargo hold, for example) as every item will have the full price for that transaction, instead of gradually decreasing.

[japp_02]

If you sell at different places every time, you won't see prices changing, so no. But go sell the same stuff at the same place, and you are in bad shape :) Especially for minerals and metals. To see the prices changing try this: you have 500 Thamium, sell 100 , then 100, then 100... and see the prices plummet and stay so for a long time (how long, good question..)

But you'll never do that normally, ok? So that's no problem.

[Blissett]

Originally posted by Leonir:

Awesome thank you. Also is a system a combination of galaxies, or if I use the warp drive to a different galaxy also a different system?

A system is a number of planets orbiting around a star (or a couple of stars), like our own solar system orbiting around our sun, Sol (thus why its called the Solar System), so with each jump you go to a different system.

A galaxy is a collection of billions of systems orbiting around a central point, usually a supermassive black hole, such as the milky way galaxy around Sagittarius A*.

A universe is a collection of billions of galaxies.

[Sanquin]

Originally posted by Leonir:

Awesome thank you. Also is a system a combination of galaxies, or if I use the warp drive to a different galaxy also a different system?

When people talk about systems they mean star systems. As in, each star you fly to and the planets around it. The price is separate for each star you fly to. So it's best to just fly from star to star, and every time you find one with an emeril planet around it, farm until your ship's cargo hold is full and sell it all at once. Then move on to the next star.

[Leonir]

Awesome thanks guys, much appreciated.

[Cutflood]

It can be very proffiable to tank an economy and then buy resources from that system and take them to a prosperous or wealthy system to sell. So if you've tanked the prices for Gold, Emeril, or some other valuble resource, try it out.
It's like a galactic stock market. :D