SMM

According to SMM's imported ore cost and profit table, the profit of imported ore slightly decreased. Last week, the unloading efficiency at northern ports was affected by strong winds, leading to a decline in port arrivals. As a result, despite a slight decrease in port pick-up volume, port inventory still dropped by 2.78 million mt. The fundamentals of iron ore are expected to remain strongly supported next week. Considering the anticipated strengthening of monetary policy, ore prices are likely to continue holding up well, and the profit of imported ore is expected to have some room for slight upward exploration.