What Is Going On With Mat Prices?

ZomZom

Some materials are three or four times their regular selling price this week. And just as bad, they're being sold in low quantities many times, filling up page after page on TTC. Heartwood is a good example of this.

redspecter23

The event writs often take heartwood which is eating up the supply. I've just been trashing the writs for wood items as the cost is astronomically high compared to the metal, cloth or provisioning versions. Some people will just pay whatever price is required and do the writs anyway, with no care for the economics of it.

Nairinhe

There are New Life crafting writs which yield collectibles, and those writs mostly require crafting furniture

Dagoth_Rac

New Life crafting writs that require like 24 heartwood are chewing up all the supply and driving up prices. Especially because people are worried that the writ hand-in NPC in Eastmarch will disappear at end of event, so they are determined to finish writs ASAP and hand them in for style page.

ZomZom

Thanks for the insight, all. My ability to keep my guild store slots full is really hurting. At least I now know why.

erliesc

Dagoth_Rac wrote: »

New Life crafting writs that require like 24 heartwood are chewing up all the supply and driving up prices. Especially because people are worried that the writ hand-in NPC in Eastmarch will disappear at end of event, so they are determined to finish writs ASAP and hand them in for style page.

ESO continues to be unable to predict the consequences of the changes they make...shooting themselves in the foot and trashing their own game? Or...could it be that here are nefarious intentions unknown to the avg player???

Very high mat prices reduces crafting and selling of crafted items (can't pay for the mats...need to charge too much?)...the intention?

Gilvoth

current materials prices are Extremely Way Too High right now.

xilfxlegion

material prices change with every event . the event ended and heartwood is already going down in the traders.


this has happened during every event for years now. its simple supply and demand.

erliesc

xilfxlegion wrote: »

material prices change with every event . the event ended and heartwood is already going down in the traders.


this has happened during every event for years now. its simple supply and demand.

Last time this happened it took maybe 6 months for prices to drop (MM was working and I kept track of it)...then they started up again...ending up even higher this time. Because many jump on the bandwagon and pump up the prices... Some buy mats up when they are cheap...then try to profit when they are pumped up.

Has only happened to this degree about 2Xs so far.

"Explaining" it doesn't make it go away...about like explaining a hurricane by the laws of thermodynamics...then ending up picking up the pieces???

[snip]

[Edited to remove Baiting]

newtinmpls

Nairinhe wrote: »

There are New Life crafting writs which yield collectibles, and those writs mostly require crafting furniture

Translation: the devs have decided that the rich/long term/heavy trader types are the folks currently being catered to.

Or (alternate translation): the devs have somehow failed to notice that this is what is happening.

xilfxlegion

erliesc wrote: »

xilfxlegion wrote: »

material prices change with every event . the event ended and heartwood is already going down in the traders.


this has happened during every event for years now. its simple supply and demand.

Last time this happened it took maybe 6 months for prices to drop (MM was working and I kept track of it)...then they started up again...ending up even higher this time. Because many jump on the bandwagon and pump up the prices... Some buy mats up when they are cheap...then try to profit when they are pumped up.

Has only happened to this degree about 2Xs so far.

"Explaining" it doesn't make it go away...about like explaining a hurricane by the laws of thermodynamics...then ending up picking up the pieces???

[snip]

[Edited to remove Baiting]

mundane runes skyrocketed to 100k per stack during the event before this one --- they have since dropped to 50-60k a stack --this took a few weeks, not months.

maybe its different on xbox but i remember a ton of different mats going higher and eventually coming back down - i remember temps and was and rosin going for 20k each during one event.

the market fluctuates and as i already said heartwood is already dropping in traders.

Anotherone773

Events always do this. Wait until the anniversary event. Motif prices will be cut in half...or more.

VaranisArano

erliesc wrote: »

xilfxlegion wrote: »

material prices change with every event . the event ended and heartwood is already going down in the traders.


this has happened during every event for years now. its simple supply and demand.

Last time this happened it took maybe 6 months for prices to drop (MM was working and I kept track of it)...then they started up again...ending up even higher this time. Because many jump on the bandwagon and pump up the prices... Some buy mats up when they are cheap...then try to profit when they are pumped up.

Has only happened to this degree about 2Xs so far.

"Explaining" it doesn't make it go away...about like explaining a hurricane by the laws of thermodynamics...then ending up picking up the pieces???

[snip]

[Edited to remove Baiting]

Explaining the phenomenon doesn't make it go away any more than explaining that "We're in the middle of hurricane season" makes hurricanes go away.

For housing mats, we're finishing up:
ZOS releasing a big house for the Greymoor Event
New Life Crafting writs

Of course demand spiked. Of course players who noted that its hurricane season a high demand time for housing mats cashed in
This is entirely predictable, like the water getting warmer and fueling more, stronger hurricanes. For the second year, ZOS released a big house. For the second year in a row, ZOS required housing mats for new life writs. The impact on the market is predictable: the worst time to buy housing mats cheaply is the same time that everyone else wants to buy housing mats to furnishing their big Chapter house or to do their New Life writs.

What could ZOS do to stop the predictable annual spike in demand for housing mats?
Simple.
Don't release a giant house for all players who bought the new chapter.
Don't require housing mats for event writs.

Are they going to do that?
I dunno. They seem to like it.
But if you don't like predictable annual price spikes in housing mats, its something to consider that ZOS is driving this player demand through their event rewards.

Feric51

xilfxlegion wrote: »

mundane runes skyrocketed to 100k per stack during the event before this one --- they have since dropped to 50-60k a stack --this took a few weeks, not months.

maybe its different on xbox but i remember a ton of different mats going higher and eventually coming back down - i remember temps and was and rosin going for 20k each during one event.

the market fluctuates and as i already said heartwood is already dropping in traders.

Back around 2016-17 on XB-NA tempering alloy were selling at 25k/ea all day long and wasn't tied to any event. This lasted about 8-12 months if I recall. Seemed like it only died down once Homestead was introduced and more people started farming in order to get furnishing mats I guess.

katanagirl1

I wondered if mundane rune prices had gone up. I swear I’ve been seeing the single bots with volatile familiars farming the enchanting nodes and I’ve never seen that in many years of farming mats.

VelimOrthic

katanagirl1 wrote: »

I wondered if mundane rune prices had gone up. I swear I’ve been seeing the single bots with volatile familiars farming the enchanting nodes and I’ve never seen that in many years of farming mats.

Yes I used to always skip those, now I'll stop in the middle of something and get off my mount to grab them lol.

Change is not a bad thing. More like the opposite.

I can never tell if people who say things like "in-game things are too expensive for me, the devs did something wrong" expect to be taken seriously. I certainly hope not.

RedMuse

People are seriously complaining about natural fluctuations in prices due to entire predictable changes in supply and demand? Really?

Wait until I tell you about real life economy.

goldenarcher1

So much for jewellery mat prices coming down,120k for gold plating now on pc-eu.

Jayne_Doe

On XB NA, dreugh wax has fallen to 5k each. I can sell alloy for around 8k. Haven't sold rosin in a few weeks, but last I did, it was around 8k.

I don't sell much on PC, but last time I sold gold mats, I sold wax for around 8-9k, with alloy around 4-5k, and rosin at 3-4k. IIRC.

It's just weird to me that prices are basically flipped, with rosin going usually for the most on XB, but the least on PC.

katanagirl1

VelimOrthic wrote: »

katanagirl1 wrote: »

I wondered if mundane rune prices had gone up. I swear I’ve been seeing the single bots with volatile familiars farming the enchanting nodes and I’ve never seen that in many years of farming mats.

Yes I used to always skip those, now I'll stop in the middle of something and get off my mount to grab them lol.

Change is not a bad thing. More like the opposite.

I can never tell if people who say things like "in-game things are too expensive for me, the devs did something wrong" expect to be taken seriously. I certainly hope not.

I guess what I was trying to say is when bots were bad at least you could get something from enchanting nodes. Not necessarily the case now.

Anotherone773

RedMuse wrote: »

People are seriously complaining about natural fluctuations in prices due to entire predictable changes in supply and demand? Really?

Wait until I tell you about real life economy.

Except it's not supply and demand. There is plenty of supply to meet the demand. I think what we might have is people going around sucking up anything below a threshold and relisting it for a much higher price. We have an influx of new players and with crown to gold trading, A new player can become wealthy by using start up capital created from crown:gold trading. In other games, especially ones with auction houses, this is a normal way to control ( and break) the market. Those same players may have infected our trade system.

RedMuse

Anotherone773 wrote: »

RedMuse wrote: »

People are seriously complaining about natural fluctuations in prices due to entire predictable changes in supply and demand? Really?

Wait until I tell you about real life economy.

Except it's not supply and demand. There is plenty of supply to meet the demand. I think what we might have is people going around sucking up anything below a threshold and relisting it for a much higher price. We have an influx of new players and with crown to gold trading, A new player can become wealthy by using start up capital created from crown:gold trading. In other games, especially ones with auction houses, this is a normal way to control ( and break) the market. Those same players may have infected our trade system.

Not in regards to OP's complaint. It was a very predictable change in prices of things like heartwood at the time of an event where the demand for heartwood took a sharp rise but there is not a similar significant increase in supply.

And I'd love a source for your claim, brcause it sounds like complete specualtion based on spurious theories. Further what is your idea of wealthy, because people have very different ideas about what wpthat means. And crown:gold exchange doesn't generate gold, it just reallocate what already exists, not all that dissimilar from a guild trader.

Quite honestly, you seem to have little to no graps on economy or how wealth (and gold in general) is generated,

erliesc

Anotherone773 wrote: »

RedMuse wrote: »

People are seriously complaining about natural fluctuations in prices due to entire predictable changes in supply and demand? Really?

Wait until I tell you about real life economy.

Except it's not supply and demand. There is plenty of supply to meet the demand. I think what we might have is people going around sucking up anything below a threshold and relisting it for a much higher price. We have an influx of new players and with crown to gold trading, A new player can become wealthy by using start up capital created from crown:gold trading. In other games, especially ones with auction houses, this is a normal way to control ( and break) the market. Those same players may have infected our trade system.

My guess is that with the recent "gift" of 200K (?) the perpetuators [snip] started buying up any low priced mats and then doubling or tripling the price. This is "speculation" vs any kind of value added activity.

There are endless denialists who will explain it away...mentioning "supply and demand"...blah...blah...blah... Heads up butts?

Since those running the game didn't want to deal with the issue...the game's economy is now trashed. Not only didn't they want to deal with the issue...they started the ball rolling with the master writs...

I really don't care that much about the issue at this point...I have enough game gold accumulated that I can weather this mess and probably the next few messes...

[Edited to remove Naming and Shaming]

Sanctum74

How do you buy billions in gold of mats with only 200k? And then physically go to 200 guild traders to control the market? Gotta work on that conspiracy theory a little better next time.

QuebraRegra

Dagoth_Rac wrote: »

New Life crafting writs that require like 24 heartwood are chewing up all the supply and driving up prices. Especially because people are worried that the writ hand-in NPC in Eastmarch will disappear at end of event, so they are determined to finish writs ASAP and hand them in for style page.

so time for me to sell all my HEARTWOOD?

QuebraRegra

erliesc wrote: »

Anotherone773 wrote: »

RedMuse wrote: »

People are seriously complaining about natural fluctuations in prices due to entire predictable changes in supply and demand? Really?

Wait until I tell you about real life economy.

Except it's not supply and demand. There is plenty of supply to meet the demand. I think what we might have is people going around sucking up anything below a threshold and relisting it for a much higher price. We have an influx of new players and with crown to gold trading, A new player can become wealthy by using start up capital created from crown:gold trading. In other games, especially ones with auction houses, this is a normal way to control ( and break) the market. Those same players may have infected our trade system.

My guess is that with the recent "gift" of 200K (?) the perpetuators [snip] started buying up any low priced mats and then doubling or tripling the price. This is "speculation" vs any kind of value added activity.

There are endless denialists who will explain it away...mentioning "supply and demand"...blah...blah...blah... Heads up butts?

Since those running the game didn't want to deal with the issue...the game's economy is now trashed. Not only didn't they want to deal with the issue...they started the ball rolling with the master writs...

I really don't care that much about the issue at this point...I have enough game gold accumulated that I can weather this mess and probably the next few messes...

AUCTION HOUSE like all other MMOs...

Sanctum74

QuebraRegra wrote: »

erliesc wrote: »

Anotherone773 wrote: »

RedMuse wrote: »

People are seriously complaining about natural fluctuations in prices due to entire predictable changes in supply and demand? Really?

Wait until I tell you about real life economy.

Except it's not supply and demand. There is plenty of supply to meet the demand. I think what we might have is people going around sucking up anything below a threshold and relisting it for a much higher price. We have an influx of new players and with crown to gold trading, A new player can become wealthy by using start up capital created from crown:gold trading. In other games, especially ones with auction houses, this is a normal way to control ( and break) the market. Those same players may have infected our trade system.

My guess is that with the recent "gift" of 200K (?) the perpetuators [snip] started buying up any low priced mats and then doubling or tripling the price. This is "speculation" vs any kind of value added activity.

There are endless denialists who will explain it away...mentioning "supply and demand"...blah...blah...blah... Heads up butts?

Since those running the game didn't want to deal with the issue...the game's economy is now trashed. Not only didn't they want to deal with the issue...they started the ball rolling with the master writs...

I really don't care that much about the issue at this point...I have enough game gold accumulated that I can weather this mess and probably the next few messes...

AUCTION HOUSE like all other MMOs...

No, because then people could actually control the market and the problem would be much worse.

xilfxlegion

QuebraRegra wrote: »

Dagoth_Rac wrote: »

New Life crafting writs that require like 24 heartwood are chewing up all the supply and driving up prices. Especially because people are worried that the writ hand-in NPC in Eastmarch will disappear at end of event, so they are determined to finish writs ASAP and hand them in for style page.

so time for me to sell all my HEARTWOOD?

should have sold it a month ago --- its back down to 45-50k per stack now. which happens after every event but people would rather say it is a conspiracy set forth by the shadow establishment to control the virtual economy.

erliesc

Sanctum74 wrote: »

How do you buy billions in gold of mats with only 200k? And then physically go to 200 guild traders to control the market? Gotta work on that conspiracy theory a little better next time.

Not sure if what I see when I visit a guild trader is the same that everyone else sees ("they" could have an algorithm that specifically modifies what each player sees... that would explain the ignorance seen?)...but...at every trader I visit..I see the same thing...way overpriced mats for sale.

And at this point it's not just the mats...it's the finished products. I base my selling prices for crafted stuff off of the avg mat cost...more or less have to...since what is the point of making something to sell if you could sell the mats that were used for more?

Heartwood is not the only mat that is overpriced. After the previous run up in prices..heartwood never fell to it's previous level...though most other mats did....after 6 months or so. But then in anticipation of the next runup...prices started inflating a few weeks early.

Next time I predict a mess...

Think about? Set of monkeys see the 200K or whatever coming up on the calendar...decide to capture the mat markets...10 or 20 could do a lot of damage...the motivation being the lure of a big profit.

I do a lot of trading/crafting etc. and have price charts going back a year or so...I visit a large variety of traders...I have INFORMATION...others have opinions?

Pointless to argue about this though...reminds me of the recent political insanities...wishful thinking vs factual based reality?

COVID is a factual-based construct/reality that beats bullpucky every time and did...not sure what the "COVID construct" in this game is or will be...but I'm pretty sure it's there. Wait for it...wait for it....

Pretty scary when you see the craziness people are capable of....

DaveMoeDee

xilfxlegion wrote: »

QuebraRegra wrote: »

Dagoth_Rac wrote: »

New Life crafting writs that require like 24 heartwood are chewing up all the supply and driving up prices. Especially because people are worried that the writ hand-in NPC in Eastmarch will disappear at end of event, so they are determined to finish writs ASAP and hand them in for style page.

so time for me to sell all my HEARTWOOD?

should have sold it a month ago --- its back down to 45-50k per stack now. which happens after every event but people would rather say it is a conspiracy set forth by the shadow establishment to control the virtual economy.

I love the complaint posts. If not for those posts, I wouldn't know when to post things for sale. I am a super lazy merchant.

I was able to sell a bunch.

I also put some gear improving mats up at high prices. Tempering Alloy sat there for 2 weeks and just started selling this week. I really only sell to make my guild quota and am happy to just hoard mats in crafting bag, but I might as well sell when price is high. Can always buy back later for less if needed.

Sanctum74

erliesc wrote: »

Sanctum74 wrote: »

How do you buy billions in gold of mats with only 200k? And then physically go to 200 guild traders to control the market? Gotta work on that conspiracy theory a little better next time.

Not sure if what I see when I visit a guild trader is the same that everyone else sees ("they" could have an algorithm that specifically modifies what each player sees... that would explain the ignorance seen?)...but...at every trader I visit..I see the same thing...way overpriced mats for sale.

And at this point it's not just the mats...it's the finished products. I base my selling prices for crafted stuff off of the avg mat cost...more or less have to...since what is the point of making something to sell if you could sell the mats that were used for more?

Heartwood is not the only mat that is overpriced. After the previous run up in prices..heartwood never fell to it's previous level...though most other mats did....after 6 months or so. But then in anticipation of the next runup...prices started inflating a few weeks early.

Next time I predict a mess...

Think about? Set of monkeys see the 200K or whatever coming up on the calendar...decide to capture the mat markets...10 or 20 could do a lot of damage...the motivation being the lure of a big profit.

I do a lot of trading/crafting etc. and have price charts going back a year or so...I visit a large variety of traders...I have INFORMATION...others have opinions?

Pointless to argue about this though...reminds me of the recent political insanities...wishful thinking vs factual based reality?

COVID is a factual-based construct/reality that beats bullpucky every time and did...not sure what the "COVID construct" in this game is or will be...but I'm pretty sure it's there. Wait for it...wait for it....

Pretty scary when you see the craziness people are capable of....

Information is only as good as the context it’s used in. When you continually refuse to accept the reality of events, meta changes, sticker books, less people farming, and simple supply and demand than that information really serves no purpose.

Not to mention the amount of hours and billions of gold needed to visit every trader all day and night to try to manipulate the market is just not feasible. Gotta say though the underhanded insults and conspiracy theories are amusing.