Is there any reason Chromium Plating prices won't continue to rise over the next 6 months?

h9dlb · January 2023

Yes it's weird how US prices have gone up considerably but EU prices have come down. Up until Feb 2022 EU chrom was 300k-325k and they have gradually come down to 220k

tmbrinks · January 2023

I get a steady supply of them doing writs.

Most of the sets I have in gold jewelry drop in-game, many of them the best sets in the game, so no need to even upgrade. Most I can even just re-construct at gold quality.

Outside of a few niche builds, the improvement from purple-gold is not that much (I usually upgrade anyways if needed because I have like 200+ platings from just doing writs, even with selling them often)

Eventually the price will get to the point that people will do the activities that reward chromium... then you'll see the prices come down or stabilize. But as long as a majority don't want to do those activities and buy from those that do, supply will be short, demand will be high, and prices will rise.... or so I learned in my HS Econ class.

tmbrinks · January 2023

Arunei wrote: »

boi_anachronism_ wrote: »

Farm in elswyer during the event and refine it after the event ends. Don't do it during the event, the drop rate for gold mats is decreased during the events when they have 2x node drops. Your welcome 😁

Can you source this claim? I've never once heard that the drop rate for any mats is lowered during any event for any reason. Keep in mind there's a rule against spreading rumors or misinformation on the forums these days.

Unless this is just a joke.

Sadly, they never can. Really wish misinformation and conspiracy theories like this got actively monitored, it's dangerous to the game.

Arunei · January 2023

tmbrinks wrote: »

Arunei wrote: »

boi_anachronism_ wrote: »

Farm in elswyer during the event and refine it after the event ends. Don't do it during the event, the drop rate for gold mats is decreased during the events when they have 2x node drops. Your welcome 😁

Can you source this claim? I've never once heard that the drop rate for any mats is lowered during any event for any reason. Keep in mind there's a rule against spreading rumors or misinformation on the forums these days.

Unless this is just a joke.

Sadly, they never can. Really wish misinformation and conspiracy theories like this got actively monitored, it's dangerous to the game.

It really is. Things like this can lead to the issues we've seen multiple times where people become extremely toxic towards each other over stuff that isn't true, just because they think it is. It also leads to unwarranted animosity towards the devs over things that aren't true. I'll be the first to criticize ZOS when due, but too many people also want to harp on and blame them for things that simply aren't true.

That said, they really should increase the drop rate of Chromium mats, and also get rid of the pointless Grain system for Platings. It was one thing to claim years ago when JC was introduced that they wanted it to "mean something" to have Gold Jewelery, but...that's something that doesn't hold up, honestly. I think there's a bigger difference between Purple and Gold Weapons than there is Jewelry, yet Gold Weapons are as easy to obtain as Gold Armor. The tedious way they've handled JC doesn't make it "mean something" to get Gold Jewelry, it just encourages people not to engage with the system.

Zodiarkslayer · January 2023

Hamish999 wrote: »

Luckily it hasn't gone that bonkers on PC EU (yet), in fact if anything the price has dropped in the last 9 months or so. I was selling at just over 300K each back then.

Those were the days 😓

Amottica · January 2023

Hamish999 wrote: »

vsrs_au wrote: »

PC/EU prices for chromium plating are about 1 million. Now I'm not surprised rings and necklaces cost so much.

No they're not. Chromium platings are on average between 200 and 250k each on PC EU currently (I double checked as I sell around 3 each week that I get from crafting and surveys and knew they weren't that price last week lol).

I looked at PC/NA and found a lot around 200k. There are some posted for almost 500k but the high price is irrelevant.

CrashTest · January 2023

Brrrofski wrote: »

I still don't know why we still have the jewellery upgrade system we do.

It needs to just go to 8 upgrade mats like everything else now.

The 10 to 1 thing is just stupid.

It's not 8. It's 4, and I hope it never changes to 8 at these prices and dust drop rates unless ZOS gets rid of the convoluted way to get platings (refine dust stacks) and just gives us the actual upgrade mat (plating) required like the other crafts.

I_killed_Vivec · January 2023

List price is different from selling price - that 1m gold plating might not sell.

The average includes all listings, so will be jacked up by the 1m plating even if it doesn't sell.

Like others, on PC/EU I've seen prices go down from 330k to 250k in the last six months or so (actual sales).

everseeing_njpreub18_ESO · January 2023

I never buy them, i never use them, i don't run hard-mode veteran end game content so i don't need them. I gather nodes as i come across them and occasionally do my jewel-crafting daily and every month or so i end up selling 2-4 of them.

They aren't "really" rare, but they do take a little time and effort. Like most things, if people don't buy them the price will come down, but people want them, don't want to wait, so they buy them. If you don't want to take the time, you pay the price, its sort of the same with everything in game and in real life.

rpa · January 2023

Do your JC writs and surveys and do not pass by mining nodes in hurry. I think at PCEU people 'invested' bit too carelessly on Chromium and we had a minor bubble pop so prices came down a bit here. When new op sets happen prices are expected to come up but if too many try to cash on that it does not work. Also maybe some of people who do care about golding their gear got fed up with certain updates and stopped doing that.

spartaxoxo · January 2023

Do your writs and pickup your surveys.

If you don't like picking any mats yourself (which is a better than what I'm gonna suggest) then just play Tales of Tribute. You'd get less mats than if you were to dedicate yourself to farming, but more than doing nothing that generates these mats at all. For me, Tales is way more interesting than harvesting so I have significantly more jewelry mats than I used to.

LadyLavina · January 2023

SkaraMinoc wrote: »

Chromium Plating prices have risen nearly 50% in the past 4 weeks.

Is there any reason prices won't continue to rise over the next 6 months? Will we see 1 million gold Chromium Plating soon?

Just wanted to show up in here and say I appreciate that this thread isn't calling for ZOS intervention because OP understands the volatility of the market is what makes it fun to engage in.

h9dlb · January 2023

I suspect a cartel is buying them up on US because there is no other demand reason for the price increase I'm the last month

kargen27 · January 2023

h9dlb wrote: »

I suspect a cartel is buying them up on US because there is no other demand reason for the price increase I'm the last month

Could be players are not doing the content that drops the grains or are holding onto the grains. Again, with over 200 vendors in game it would be near impossible to control the market even for a small amount of time.

Lumenn · January 2023

kargen27 wrote: »

h9dlb wrote: »

I suspect a cartel is buying them up on US because there is no other demand reason for the price increase I'm the last month

Could be players are not doing the content that drops the grains or are holding onto the grains. Again, with over 200 vendors in game it would be near impossible to control the market even for a small amount of time.

One person? Yeah, maybe. A small grp of 10 people or less? Easily if they already have money. Most main markets have at least 5 vendors. You could CASUALLY check 4 locations every day for a specific product (we do much more than that on Xbox na. No add ons for us) you might not get EVERYTHING but enough to corner the market on what your small 10 man guild decided. Now a 50 man guild....500? Guilds working together? It happens. But ya don't even need it. Just. 10. Makes. A. Difference.

haelgaan · January 2023

kargen27 wrote: »

Could be players are not doing the content that drops the grains or are holding onto the grains.

this, definitely, supply is down. situation could be remedied by modifying the drop rate to increase supply.

heck, i thought it was highway robbery when upgrading a ring slot cost 250k - now it's 250k for just one plating. nuts.

Jaimeh · January 2023

It's kinda bonkers, not just for platings but furnishing mats, perfect roe, hakeijos, potent nirncrux, every rare mat has skyrocketed. There's just too much gold in the game, people keep buying at the elevated prices, so the prices never fall and keep getting higher. We need more permanent gold sinks in the game--I've said before that a very easy way would be to offer more houses for gold. Anyway, the only thing you can do is try and be self-sufficient via your own farming, because besides the inflation, there's also a lot of price manipulation shenanigans with certain mats done by market players, so bet way not to play into that is by neing self sufficient. But yeah ZOS definitely needs to introduce more permanent sinks.

Zama666 · January 2023

Oh virtual Captialism....I can't quit you

freespirit · January 2023

spartaxoxo wrote: »

Do your writs and pickup your surveys.

If you don't like picking any mats yourself (which is a better than what I'm gonna suggest) then just play Tales of Tribute. You'd get less mats than if you were to dedicate yourself to farming, but more than doing nothing that generates these mats at all. For me, Tales is way more interesting than harvesting so I have significantly more jewelry mats than I used to.

Omg I so agree!!

kargen27 · January 2023

Lumenn wrote: »

kargen27 wrote: »

h9dlb wrote: »

I suspect a cartel is buying them up on US because there is no other demand reason for the price increase I'm the last month

Could be players are not doing the content that drops the grains or are holding onto the grains. Again, with over 200 vendors in game it would be near impossible to control the market even for a small amount of time.

One person? Yeah, maybe. A small grp of 10 people or less? Easily if they already have money. Most main markets have at least 5 vendors. You could CASUALLY check 4 locations every day for a specific product (we do much more than that on Xbox na. No add ons for us) you might not get EVERYTHING but enough to corner the market on what your small 10 man guild decided. Now a 50 man guild....500? Guilds working together? It happens. But ya don't even need it. Just. 10. Makes. A. Difference.

Nah, you would have to sit on all those locations around the clock days on end to lock down the market for more than an hour or two if supply was truly meeting demand.
It is a lack of supply issue.
Players dedicated to trading can easily hit over ten million in a week without going through the hassles of trying to corner a market.

Lumenn · January 2023

kargen27 wrote: »

Lumenn wrote: »

kargen27 wrote: »

h9dlb wrote: »

I suspect a cartel is buying them up on US because there is no other demand reason for the price increase I'm the last month

Could be players are not doing the content that drops the grains or are holding onto the grains. Again, with over 200 vendors in game it would be near impossible to control the market even for a small amount of time.

One person? Yeah, maybe. A small grp of 10 people or less? Easily if they already have money. Most main markets have at least 5 vendors. You could CASUALLY check 4 locations every day for a specific product (we do much more than that on Xbox na. No add ons for us) you might not get EVERYTHING but enough to corner the market on what your small 10 man guild decided. Now a 50 man guild....500? Guilds working together? It happens. But ya don't even need it. Just. 10. Makes. A. Difference.

Nah, you would have to sit on all those locations around the clock days on end to lock down the market for more than an hour or two if supply was truly meeting demand.
It is a lack of supply issue.
Players dedicated to trading can easily hit over ten million in a week without going through the hassles of trying to corner a market.

You wouldn't, and you know it. Once a day is enough.

Besides, this isn't about how much we can make a week. It was about you saying cornering a market was near impossible. I merely pointed out one simple and VERY messy way. That's just 5-10 of ya. One trial group. Ah fun times....

Kisakee · January 2023

FlopsyPrince wrote: »

It isn't scalping to buy a product and sell it at what the market will bear. That is a modern foolishness that too many put forth.

ZOS could fix some of this by upping the drop rate, but it has been an issue for a LONG TIME and they have not done so, indicating high prices are not a huge concerns. Even the JC writ revamp quite a while ago now still didn't do enough to make those valuable, let alone address the concerns about the drop rate of high end JC mats.

It may be true that purple to gold doesn't add much, but it is "nice" to have all gold gear, if you can. Why should the drop rates be and remain so low?

Foolishness? That's just trading and already happened thousands of years ago. Do you think anyone would have taken the risk of long and dangerous trade routes if they could get the same price right at home?

And the drop rate isn't low, you're just not doing it the most efficient way. And as long as there are people who don't know how to do it right i'm more than happy to shove my high price items right into their direction.

Bit low on the Zirkon plating as i've sold tons of them over the last days.

Nihilr · January 2023

Lumenn wrote: »

You wouldn't, and you know it. Once a day is enough.

Besides, this isn't about how much we can make a week. It was about you saying cornering a market was near impossible. I merely pointed out one simple and VERY messy way. That's just 5-10 of ya. One trial group. Ah fun times....

Not even once a day. You just use Tamriel Trade Centre . com and it lists the lowest prices and/or most recent listings (so you'll know what a good deal is)

1.) Refresh your search
2.) Warp to Guild Trader
3.) Purchase

All within a minute. Then they try to sell the items in zone chat slightly below average sell price to appear like a good deal.

Trader guilds definitely corner markets together, kinda like organized daytraders manipulating stocks.

Kisakee · January 2023

Nihilr wrote: »

Lumenn wrote: »

You wouldn't, and you know it. Once a day is enough.

Besides, this isn't about how much we can make a week. It was about you saying cornering a market was near impossible. I merely pointed out one simple and VERY messy way. That's just 5-10 of ya. One trial group. Ah fun times....

Not even once a day. You just use Tamriel Trade Centre . com and it lists the lowest prices and/or most recent listings (so you'll know what a good deal is)

1.) Refresh your search
2.) Warp to Guild Trader
3.) Purchase

All within a minute. Then they try to sell the items in zone chat slightly below average sell price to appear like a good deal.

Trader guilds definitely corner markets together, kinda like organized daytraders manipulating stocks.

Why has everything to be an alu hat conspiracy.. I'm in one of the biggest trading guilds on PC EU, nobody is cornering or camping anything in a large group. If it happens that's just single players or very small groups, in fact me and my girl we're both flipping items on our own. It's not like the mafia you think of.

kargen27 · January 2023

Lumenn wrote: »

kargen27 wrote: »

Lumenn wrote: »

kargen27 wrote: »

h9dlb wrote: »

I suspect a cartel is buying them up on US because there is no other demand reason for the price increase I'm the last month

Could be players are not doing the content that drops the grains or are holding onto the grains. Again, with over 200 vendors in game it would be near impossible to control the market even for a small amount of time.

One person? Yeah, maybe. A small grp of 10 people or less? Easily if they already have money. Most main markets have at least 5 vendors. You could CASUALLY check 4 locations every day for a specific product (we do much more than that on Xbox na. No add ons for us) you might not get EVERYTHING but enough to corner the market on what your small 10 man guild decided. Now a 50 man guild....500? Guilds working together? It happens. But ya don't even need it. Just. 10. Makes. A. Difference.

Nah, you would have to sit on all those locations around the clock days on end to lock down the market for more than an hour or two if supply was truly meeting demand.
It is a lack of supply issue.
Players dedicated to trading can easily hit over ten million in a week without going through the hassles of trying to corner a market.

You wouldn't, and you know it. Once a day is enough.

Besides, this isn't about how much we can make a week. It was about you saying cornering a market was near impossible. I merely pointed out one simple and VERY messy way. That's just 5-10 of ya. One trial group. Ah fun times....

What you pointed out would not work and that was my point. Ten people would need to watch 20 traders each for several days to corner the market for maybe one day. As soon as prices jump all those hoarders are going to decide it is time to unload some and will underprice your coup attempt.
Sure if you want to spend millions and millions of gold to inconvenience players for a few hours you might manage that. Maybe.

Edit: I just checked and more than twenty plates have been listed in the last 15 minutes. I didn't count plates that were listed twice at same location just in case it was a double post and not one player listing one plate two times. TTC isn't up to date at it relies on players to send data in so the numbers likely are higher and that is in the span of 15 minutes.

kargen27 · January 2023

Nihilr wrote: »

Lumenn wrote: »

You wouldn't, and you know it. Once a day is enough.

Besides, this isn't about how much we can make a week. It was about you saying cornering a market was near impossible. I merely pointed out one simple and VERY messy way. That's just 5-10 of ya. One trial group. Ah fun times....

Not even once a day. You just use Tamriel Trade Centre . com and it lists the lowest prices and/or most recent listings (so you'll know what a good deal is)

1.) Refresh your search
2.) Warp to Guild Trader
3.) Purchase

All within a minute. Then they try to sell the items in zone chat slightly below average sell price to appear like a good deal.

Trader guilds definitely corner markets together, kinda like organized daytraders manipulating stocks.

If you see a bargain on TTC than means someone saw it before you or it wouldn't be posted. Chances are it is already long gone.

TaSheen · January 2023

kargen27 wrote: »

If you see a bargain on TTC than means someone saw it before you or it wouldn't be posted. Chances are it is already long gone.

This is my experience. So I don't use TTC much any more. I'll start with Vivec's traders, if I don't find whatever it is at a price I'm willing to pay, I'll go to Windhelm and Wayrest. If still no go, i'll possess my soul in patience.

FeedbackOnly · January 2023

Hamish999 wrote: »

fizzylu wrote: »

Hamish999 wrote: »

No they're not. Chromium platings are on average between 200 and 250k each on PC EU currently (I double checked as I sell around 3 each week that I get from crafting and surveys and knew they weren't that price last week lol).

On NA, there are also some available for that price.... but this is what it says when you price check. Most people I know are going to follow the average and suggested price; so yeah, I wonder how long people will continue to sell them for 200-250k. There are already fewer listings of them in that price range than the 400-500k ones.

Luckily it hasn't gone that bonkers on PC EU (yet), in fact if anything the price has dropped in the last 9 months or so. I was selling at just over 300K each back then.

Everything is bonkers on PC NA...feels like each week I can sell things higher and higher

Amottica · January 2023

CrashTest wrote: »

Brrrofski wrote: »

I still don't know why we still have the jewellery upgrade system we do.

It needs to just go to 8 upgrade mats like everything else now.

The 10 to 1 thing is just stupid.

It's not 8. It's 4, and I hope it never changes to 8 at these prices and dust drop rates unless ZOS gets rid of the convoluted way to get platings (refine dust stacks) and just gives us the actual upgrade mat (plating) required like the other crafts.

@CrashTest It will not be changing to 8. It used to be 8 and was changed to 4.

tmbrinks · January 2023

tmbrinks wrote: »

Arunei wrote: »

boi_anachronism_ wrote: »

Farm in elswyer during the event and refine it after the event ends. Don't do it during the event, the drop rate for gold mats is decreased during the events when they have 2x node drops. Your welcome 😁

Can you source this claim? I've never once heard that the drop rate for any mats is lowered during any event for any reason. Keep in mind there's a rule against spreading rumors or misinformation on the forums these days.

Unless this is just a joke.

Sadly, they never can. Really wish misinformation and conspiracy theories like this got actively monitored, it's dangerous to the game.

Just to test... collected surveys on the alt account (since it has free ESO+ right now), and refined during the event. There is absolutely zero evidence to suggest that refining rates are reduced during an event.

I enjoy sharing actual data... and while I know this is a small sample size, even at these values we might have some indication something was amiss.

I am actually rather upset that the blatant lies and misinformation of the original post I quoted has been able to stay up still, even after being reported.