A New Round Steel Tender is Starting, Chance or Challenges?

As the announcement of manganese ball tender release, a new round steel tender is going to start. The downstream industry puts off purchasing and inquiring in low prices which influence the price of manganese market. 

Now the market is a little bit frustrated. It is not easy to clinch a deal. People are very concerned about the price of new steel tender.

For the steel tender pricing, due to the market price fall back, it is possible to decrease the price. As for how much it will be decreased, is it the same price with the spot price need to be negotiated. On the one hand, although there are some additional supplied goods in market recently, however, it is not sufficient at all. On the other hand, the downstream industry would like to force down the price. The steel tender will be a challenge.