According to the import profit table of SMM, the profit of imported ore has slightly increased. From a fundamental perspective, the impact of iron water from the blast furnace maintenance this week is 1.9902 million tons, an increase of 296,300 tons compared to the maintenance impact last week. Recently, due to the impact of environmental production restrictions and regional production controls, the number of blast furnace maintenance has increased, and the iron water continues to decline significantly. However, considering the weakening support of iron ore and the low port inventory, the pre-holiday replenishment is expected to be strong, providing some support for the ore price. It is expected that the import ore profit will remain volatile in the short term.