March 31 (Reuters) - On March 31, the price of sodium bicarbonate in Shandong remained stable, with quotations ranging from 1,150 to 1,250 yuan per ton. Upstream soda ash prices showed a consolidation trend, while downstream demand followed a purchase-on-demand pattern. Overall, sodium bicarbonate prices are expected to consolidate.

Chempricehub Analysis:
Sodium Bicarbonate, Bull-Bear Score: 0
Spot prices of sodium bicarbonate remain stable at 1,150–1,250 yuan per ton, with expectations of consolidation. Upstream soda ash prices are consolidating, and downstream purchases are based on demand. Market supply and demand are balanced, with no significant bullish or bearish factors, resulting in a neutral impact on spot prices.

Soda Ash, Bull-Bear Score: -1
Spot prices of soda ash are consolidating with no significant fluctuations. However, futures data indicate a bearish sentiment, as the price of the 2609 contract fell by 28 yuan to 1,252 yuan per ton, accompanied by high trading volume and increased open interest. Combined with the consolidation in spot prices, this exerts a generally bearish influence on futures prices.