On June 10, according to SMM's Cost and Profit Statement for Imported Ores, the profit from imported ores declined slightly. SMM's shipping data showed that the total global iron ore shipments by SMM last week reached 36.06 million mt, up 1.09 million mt WoW. Among them, shipments from Australia and non-mainstream countries increased, while Brazil's shipments declined slightly. Among non-mainstream countries, South Africa's shipments increased significantly. The total iron ore arrivals in China reached 27.62 million mt, up 2.21 million mt WoW. The supply of iron ore increased, putting downward pressure on ore prices. However, based on the import data for May, iron ore imports declined MoM, and port inventory remained in a state of destocking. Therefore, the supply-demand imbalance for iron ore is relatively small, and ore prices do not have the conditions for a significant decline. In the short term, ore prices are expected to fluctuate rangebound at low levels, and the profit from imported ores is expected to remain volatile.