What should be the stable price of Imperial Wootz Ingots?

[Aux]

With the recent implementation of Einherjar dropping I-Wootz Ingots (albeit low I would presume) should the price of the popular synth drop or remain at a certain rate?

Lately some servers (via ffxiah) have seen a giant drop due to the update with other servers having the price picking back up to where it was before it dropped. Most likely due to the supply and demand of the Khroma and Wootz Ores.

Now I wonder with other crafters and the likes out there, what should be a honest stable price for selling the ingots? A stabilized price that will reach all other servers? Similar to how Dynamis currency has its prices (I.E. M. Silverpiece) although this is a completely off-bounds discussion, because dynamis and salvage accomplishments are on a complete different scale.

What are your inputs on what the Ingot market stabilizing at?

[Howard Roark]

shoulda woulda coulda

not gonna change the prices

been going at 800k strong on quetz

if anything they went up briefly; if you're looking at price of upgrade I think it was 7M way back and at one point plateau'd at a mean spike of 12M, but I think it's down to 9M-ish

[Ambir]

Actually on Quetz they've been dropping steadily for a week or 2. Wootz Ores are down to 130k from 300k and you'll get the ingredients for an Ingot for 610k, when they were 900k less than a month back...

[Xerlic]

Price on Titan dropped from about 850k strong for months to about 650k and actually dipped down to about 630k for a couple days.

[ninjafox]

Personally, I think they'll stabalize between 500 and 600k

[Phraust]

honestly I'd assume around 4,000,000/12 (~350,000)

There's more interest in Einherjar now, and those shells are growing. One could assume that those folks would increase supply. Though, from preliminary reports, it seems like Imp.Wootz is a pretty rare drop.

The real limiting factor now seems to be the availability of Wootz ore on my server. So even if the price of Khroma drops, it increases the demand for Wootz, which ups Wootz cost...

All in all I think the slavage bodies novelty has worn a little bit, and people are either more understanding of the situation as a whole or just plain feel less preassured to aquire said pieces; and people are riding it out it seems. I think a "normalized" price would be roughly 25% - 50% more that most of the HQ staple bodies like Dragon Harness +1, Haubergeon +1, Aristocrats' Coat, etc, so roughly 4,000,000 to 5,000,000 total in the end. 300,000 - 420,000 ea. Sure there will be people that buy em for 600k a pop, but there's also people that buy Hachiman Domarus...

[Apessius]

I wish ingots were 350k..

You're looking at the going price of 2 khromas and 1 wootz on your server + 50-75k.

It fluctuates, but everything is going to be directly related to the supply of the khroma ores and wootz at the time (obvious).

I'm only belaboring the obvious because the addition of two or three ingots per tier 3 (or whatever it is) einherjar run won't affect the economy too much. There won't be enough ingots flooding the market to make a difference.

[heartslaught]

The problem is most shells only have the capacity to clear tier I and maybe tier II einherjar at the current time. I know this is the case on several servers, hell, I'd venture to say the a good chunk of shells cant' even clear tier I right now, just because they can't coordinate well enough... yet.

Even with that, if more imp wootz ingots go up, more people will do salvage because it becomes 'more affordable', therefore demand will once again stabilize to pre-inflation-of-ingot levels. On hades these are going strong at around 700k to 800k and I don't see that demand dropping off anytime soon (granted if someone is smart, there are ways to cut off that price amount). In all, it will depend on the individual server and demand of said server.

Speculation like this is pointless when applying simple economics to the issue. Analyze your damn markets, and apply a little logic to it, and you'll actually gain some predictive power to see how the markets flow. So for the love of humanity, open a book and educate yourself some before asking questions like this?

[Danielb]

On ifrit, khroma stays at around 290k each, and wootz go for about 170k. As a blacksmith, until people decide to drop the price of mats, I'm gonna keep them at 840-850 a piece.

[ClassicRed]

Ingot~
Khroma~
Orez~

Fenrir~ The actual ingot prices and both ores shot up in the last week and a half to 2 weeks~ (seriously khroma and wootz were down to 150k each) I blamed it alot on a JP person named Lax, bought up over 20m worth of both ores in 2 days then this happend~ He is amazingly 100+1 Smith now tho so Im sure he's happy as a clam -.o

I got my Morgs robe for 8.7m(725kx12) ~ The lowest body the Magitek ls has had is I think 6.9m(575kx12) The rest have been steady 8.5-9.2m ~ With the most recent one being 9.5m >.o I'd say this is a very unsteady market and would love to see the ingots stay steady at 550-650k~

[Lasareth]

They have been and probably will stay at whatever price people are willing to pay for them, regardless of supply. I took an interest in the market of the ingots and their component parts and within the last 2 months they went down briefly before the bonanza announcement, then stayed stable before shooting way up in price (to about 900k/ea). This was when component parts were scarce. Within a few days, though, there were literally 40 khroma ores and 30 wootz ores up on the ah.

It's been a week since then, stocks are back down, and frustratingly prices didn't change at all. All this is because people keep buying at what in my opinion are ridiculously high prices. The sellers have been smart with the ingots too by putting up only a few at a time so they aren't undercut.

During the huge influx of component materials the prices of ingots should've dipped, but sellers kept paying stupid high prices to synth them and buyers kept buying the finished product at stupid high prices (150k profit on Cerb now).

The root of the problem lies with the people that actually have a tenth of a relic fund to toss around like that. If people don't buy, smiths don't synth, and if smiths don't synth, people who supply component materials will undercut. But that just isn't happening.

Einherjar Im. Wootz Ingot supplies are miniscule at best. You're still looking at ISNM/Mining/lolbonanza as the main sources of the mats.

[rithridan]

On Gilgamesh Imp. Wootz Ingots were around 700k for a while (according to price history on ffxiah) and then shot up to 900k and slowly going down (@850k a piece now). All the while Khroma ores been hoovering around 300k a piece (@290k now) and Wootz Ingots around 160k each. Just going by mats a body would cost a bit over 9mil while getting the completed product would cost you 10mil easily.

Personally I've been gathering my ores slowly from doing ISNMs because simply buying from AH isn't affordable at all.

[Hanyoko]

I'm seeing 800-900k per ingot but as of late, there have been 0 in stock every time I check. Whatever Einherjar has added most likely wont effect the AH as they will either be kept by a LS for their own upgrades or sold to a member at a discount.

I've going to submit this to SE on a somewhat frequent basis; feel free to follow suit

Imperial Wootz Ingot
--------------------
This item is becoming increasingly harder to obtain, its rarity in conjunction with high demand has made the cost to obtain it very difficult. Therefore I ask to look into this situation and keep in mind the following possible suggestions:

1) Since Imperial wootz ingots are needed for salvage, have something from salvage able to add stock to the Auction House
New item(s): Archaic Gizmo, Wootz nuggets, Khroma nuggets, Purified Wootz, Purified Khroma
Archaic Gizmo drops from: Chariots, Ramparts, Gear/Gears type mobs in Salvage
Archaic Gizmo is desynthable into some quantity based on synth result of Wootz nuggets and Khroma nuggets
Purified Wootz is synthed from some quantity of Wootz nuggets
Purified Khroma is synthed from some quantity of Khroma nuggets
(Reason for suggestion of the 'purified' is that following the normal nugget to replace ore formula would take the synth over 8 base items)
Additionally wootz/khroma nuggets could be grown in gardening
Modify Imperial Wootz Ingot synth formula as follows:
Fire Crystal + Iron Ore + Khroma Ore + Khroma Ore + Wootz Ore
Fire Crystal + Iron Ore + Khroma Ore + Khroma Ore + Purified Wootz
Fire Crystal + Iron Ore + Khroma Ore + Purified Khroma + Wootz Ore
Fire Crystal + Iron Ore + Khroma Ore + Purified Khroma + Purified Wootz
Fire Crystal + Iron Ore + Purified Khroma x2 + Wootz Ore
Fire Crystal + Iron Ore + Purified Khroma x2 + Purified Wootz

2) Implement the mining for Khroma ore in other areas to ease congestion in Mount Z. and to allow more to drop
Additionally implement other methods to obtain Wootz ore (possibly through mining) outside of dynamis; or increase drop rate of it in dynamis

3) Add new or adjust existing Imperial Standing battlefields to drop Imperial wootz ingots

4) Add Imperial Wootz Ingots as the reward for some kind of quest that requires Captain level; This will both drive more people to aquire captain as well as make it impossible for RMT to farm the quest for profit.

5) Have the Smithing NPC in Al Zahbi able to sell Imperial Wootz Ingots very rarely (1 every game month) at a reasonable price which will act as a 'suggested Auction House price'

Thank you for your time

[Crizto]

As long as I can make money synthing these I don't care what price they are. Keep buying my ingots guys