MER – Hard Knocks Distraction and a Slight Mineral Price Rebound

We’re into the new year, but news and data from the old is still being put together.  Information and reports always lag behind.  And so it is here in shiny new 2019 CCP has posted the final Monthly Economic Report for 2018 covering the month of December.

What did we do in New Eden while many of us had some extra time off?

Well, to start off with mining, where I traditionally begin, it looks like we mined less.  At least we mined less in Delve.

December 2018 – Mining Value by Region

Delve still remains way out in front of all other regions, something more easily visualized on the bar graph.

December 2018 – Mining Value by Region – Bar Graph

Delve clocked in at 12.2 trillion ISK in value mined, down from the 15.5 trillion ISK mined in November.  And November was down from voracious 19 trillion ISK that was mined in October.

Previously I speculated as to whether the down turn in mining might be related to the dropping price of minerals, mining output being valued by what the market will pay.  And I might have gone to that as a potential explanation again this month, except that the price of minerals rebounded a bit in December.

December 2018 – Economic Indices

The price is still down near the three year low (though still a bit above the all time low), but still up some, enough that the drop in mining measured in Delve cannot be due to price.  Instead, it appears that people just mined a bit less.  This might even be related to the low price.  Ideally Adam Smith’s invisible hand will push supply and demand towards equilibrium.  A low enough price ought to get people to drop mining in favor of other economic endeavors.

But there was a week last month when a lot of us were in wormhole space blowing up that Hard Knocks Keepstar.  That might also explain the dip in Delve and the minor rise in the mineral price.

And all the more so since other places were on the rise.  Second place Esoteria, TEST’s home turf, was up a trillion ISK over November, as was third place Detroid, home of Fraternity.

Querious, another Imperium region, was down half a trillion ISK, leaving it in fourth place.  While still dominant, out mining the next three regions combined, Delve seemed to have been distracted by other events for a bit in December.

On the production front Delve remained steady.

December 2018 – Production Values by Region

Delve production was off by such a small number as to be effectively the same in December.  Likewise The Forge, Lonetrek, and The Citadel regions, the production areas that directly feed the Jita market, saw very little change between November and December.

December 2018 – Production Values by Region – Bar Graph

TEST was busy in Esoteria though, as production there climbed, pushing the region ahead of Lonetrek and The Citadel in the ranking.  It is now in third place, even if it is a distant third.  Other null sec regions also saw bumps in production since last month.

Trade value by region saw very little change in December.  The Forge, home to Jita, still dominates.

December 2018 – Trade Value by Region

Leaving The Forge out of the picture, the rest of New Eden stacks up behind Domain.

December 2018 – Trade Value by Region – Bar Graph, Forge Excluded

Delve held on to third place, not closing in on Domain and the trade hub in Amarr, but still staying comfortably ahead of the other high sec trade hubs as well ahead of any null sec region.  Delve continues to try and have its own economy in a single region.

And then there is the big faucet, NPC bounties.

December 2018 – NPC Bounties by Region

Delve remains at the top of the chart on this front.

December 2018 – NPC Bounties by Region – Bar Graph

Delve, while still in the lead, was down, as were the other Imperium regions, perhaps reflecting the coalition being distracted by blowing up structures in wormhole space for about a week.  Other regions, however, were up.  Of note were Branch (GotG), Esoteria (TEST), and Detroid (Fraternity), which were undisturbed.

You can even seen the week where the Imperium was in w-space on the sinks and faucets chart. (I was rolling back home around where the line spikes up, with a lot of other people traveling with.)

December 2018 – Top Sinks and Faucets

It is interesting to see what else on that chart dipped (or rose) in conjunction with the dip in bounty payments.  And, of course, once everybody was back from wormhole space bounties jumped to an all time high yet again, something I suspect that CCP will feel the need to address at some point.

Then there is the final chart, which compares some select regions across several parameters.

December 2018 – Regional Stats

And so it goes, the end of another year.  We will see if next month sees a continuation in the rise in NPC bounty payouts.  Or maybe something will happen to distract us again.

As usual, you can find all the charts and the raw data used to create this report over in the dev blog.

3 thoughts on “MER – Hard Knocks Distraction and a Slight Mineral Price Rebound

  1. Generalstarwars

    I saw that lonetrek is the leader in imports by a huge margin, and that it is not very active in any of the other categories. What’s sucking everything into Lonetrek?

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  2. Wilhelm Arcturus Post author

    @Generalstarwars – The problem with the balance of trade measures is that CCP simply counts every ship going into and out of a region and assigns a value to it, its fittings, and its cargo. So a move op one month and a return op the next looks like an influx of goods and then an outpouring. They are perhaps some of the least useful data in the whole report, which is part of why I never bring them up.

    As for what happened, I am not sure. Lonetrek is adjacent to Jita… Jita is in The Forge, but just a couple jumps from both Lonetrek and The Citadel… so it could have been any number of things that moved out of Lonetrek and into Jita to get to the market there. It could be stuff that went into asset safety with the destruction of the Keepstars during the war over the summer being finally shipped to Jita to sell, or moved back to null sec.

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