Chemcial Prices

Okay, am i the only one concerned that for some reason, chemicals on GR, went from nearly a 8 Billion shortfall to a 42 billion surplus ina single month?

What would cause that?

I have two chemical factories which are the corner stone of my economy, now they are in trouble, lost 100 billion in value and my economy is now it utter freefall

Looks like someone put $35 trillion worth of chemicals on the world market. You can see the when it happened by checking the supply graph.

I saw the spike, Having to implement emergency measures to try and stop the knock on effect.

Taught me a lesson in not relying on a single sector to prop up the economy. Sadly, i cant get any of my corps over the 500 billion threshold for shares.

Fret not, the market will soon right itself.

No, don't rely on one sector/product unless you can weather the storm (I knew a player with nothing but maximum numbers of electric corps only, in 2 enterprises in each world).

Don't know why, but some players think it's clever or funny to dump large amounts on the market in one go. There could be legitimate reasons like buying cheap and selling high but these products effected this time have generally been at max price for a while.

IPO-ing your corps is not going to help this matter and is another topic altogether.

HTH

Turns out it was not just chemicals, some idiot has released loads of different goods like rubber and services rather rapidly. I am recovering, but still this is never good. Might leave GR and go to another world.

Wauw... If hou get this worked up every time somebody does this you're going to have a hard time finding your home

It was probably the GM that dumped it in.

It was probably the GM that dumped it in.

Jake, you will find this on all worlds. Be patient, it will recover. In fact, you could take advantage of it by stocking up on stuff while it is so cheap

Silly comment Vespasian.

No. I'm pretty sure the GM probably dumped it in.

Extremely large supply offers can flood the market, if a player accumulated products during his play time and his empire is now being de-registered.

Hi Jake, ToeCutter's advice is very sound - try to diversify you economy (with profitable corp types) to mitigate the fallout from market instability such as this. And when it does happen, it's a good opportunity to stock up cheaply for supply or even resale down the line... Every cloud has a silver lining!

Also, Laguna! :D

The GM did not trade in any product.
Laguna may be right, this could be what happened or equally probable, a player who accumulated very large quantities may have dumped some of the stock on the market.

If you are determined to jump ship off of GR may I suggest LU. It has a relatively stable economy and very good enterprise/corp owners on it.

I also faced the same plight, Jake. I've encountered several such occasions, but this Great Depression was the most severe economic crisis among all.

'Taught me a lesson in not relying on a single sector to prop up the economy.' << my same conclusion as well

Well, I've tried restructuring my economy by diversifying the industries, but it takes time for all posts to be filled up. Labour shortage is still adversely affecting my economy and social welfare.

That stupid guy who dumped chemicals, oil and services into the market is, in doing so, committing suicide. Just think of the market's inability to assimilate the products and a series of economies start to fail. Then his own nation or enterprise will face shortage of customers.

Perhaps I need another 5 to 10 game years for things to go normal. My service sector, my good