SMM Nickel Market Morning Comment (Jul 25)

The Bank of England kept its policy rate unchanged at 3.75% for the sixth consecutive meeting, in line with market expectations; the central bank announced the cancellation of its long-term government bond sale plan, further slowing down the pace of quantitative tightening

Trump says he will decide whether to resume large-scale combat against Iran in a bid to end the conflict

Expanding AI and semiconductor infrastructure buildouts are driving higher stainless steel industrial piping shipments for Taiwan (PoC)'s manufacturers. Tachia Yung Ho Machine Industry reports that semiconductor and optoelectronic fluid and gas transport products account for 60% of its portfolio, with order schedules extending through next year and demand visible into the following year. Froch has expanded cleanroom and pure water piping shipments through fab partnership arrangements, while YC INOX raised stainless steel pipe sales to 69% of its business by developing specialized product lines including liquid cooling manifold tubes for data centers. The advanced manufacturing facility buildouts require extensive piping systems for cooling, gas, and water distribution, supporting earnings quality for local suppliers and providing improving demand visibility as AI and semiconductor investment cycles extend.