On June 23, according to SMM's Import Ore Cost and Profit Statement, the profit from imported ore rose slightly. Based on SMM's port inventory data for 35 ports, port arrivals declined slightly this week due to weather impacts. However, downstream demand increased MoM, and both steel mills' production and procurement enthusiasm improved, driving a slight increase in port cargo pick-up volume. As a result, port inventory maintained destocking, providing some support to ore prices. Looking ahead to next week, although the fundamental support for iron ore itself is strong, it is expected that the profit from imported ore may have some upside potential in the short term.