What OilChem does

OilChem (隆众资讯), legally Shandong Longzhong Information Technology Co., Ltd. (山东隆众信息技术有限公司), is a privately held B2B commodity information services platform headquartered in Zibo, Shandong Province, China, with a regional office in Shanghai. Founded in 1988 as the Sinopec Business Information Network (中石化商情网), it claims to be China's first professional petrochemical information platform and operates across 24 industry verticals covering energy, chemicals, plastics, rubber, chemical fibers, polyurethane, fertilizers, coal chemicals, salt chemicals, and emerging sectors such as lithium batteries, hydrogen energy, new materials, and photovoltaics. The platform tracks more than 100 commodity varieties through daily field price surveys and provides capacity, production, operating rate, apparent consumption, import/export, and profit-margin analytics.

The company's core product portfolio consists of a Price Center (价格中心) delivering real-time market, factory, and international pricing; a Data Center (数据中心) and Data Terminal (数据终端) offering supply-demand and trade-flow statistics; a Report Center (报告中心) publishing weekly, monthly, and annual industry analysis; a Trader Self-Quote (贸易商自报价) platform for community price submission; and supporting services including Longzhong Meeting (200+ annual conferences), Longzhong Consulting (custom market research and strategic advisory), and Longzhong Micro Video (analyst content including CCTV-2 appearances). Distribution spans a Chinese-language web portal at oilchem.net, an English version at en.oilchem.net, iOS and Android mobile applications, a WeChat service account, and a Weibo corporate account, with dedicated 400 customer service hotlines.

OilChem monetizes through a freemium model: free registration provides limited basic access, while paid membership unlocks comprehensive pricing data, historical datasets, advanced analytics, and detailed reports. Secondary revenue streams include one-time premium report sales and conference/event services, with 300,000+ cumulative clients served and 1,000+ industry experts participating annually. OilChem is the recognized data cooperation platform for the National Development and Reform Commission Price Monitoring Center on refined oil product price indices and holds additional strategic cooperation status with the State Council Development Research Center and the Ministry of Commerce. The company operates as a sister platform to Mysteel (Shanghai Steel United), the steel and metals commodity data firm, under a shared parent, and has raised disclosed funding from Xingshang Touzi (2017) and Longzhi Touzi (2018).

Name

OilChem

Legal name

山东隆众信息技术有限公司

Website

https://oilchem.net

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1–10 employees

Short description

OilChem (隆众资讯) is a China-based B2B commodity information platform, founded in 1988, providing daily price surveys, supply-demand data, and industry reports across energy, petrochemicals, plastics, rubber, and emerging new-energy verticals to enterprise clients.

Ownership category

akta.pro rank

Product category

Commodity Information Services

akta.pro primary industry

Carbon Market Data, Indices, Ratings & Price Reporting (MRPAs) (EUAGAIAH)

Keywords

• Commodity price data
• Petrochemical market intelligence
• Chemical industry reports
• Commodity price indices
• Energy market analysis

Headquarters

HQ city

Zibo

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Paid Membership/Subscription: Revenue generated from paid membership subscriptions that provide access to comprehensive pricing data, detailed market reports, and advanced analytics. The platform offers free registration with basic access, while full data access requires paid subscription.
2. Premium Industry Reports: Sale of periodic industry reports including weekly, monthly, and annual market reports, as well as custom research and consulting services for specific market segments.
3. Conference and Event Services: Revenue from organizing industry conferences and events, with over 200 events held annually, hosting industry experts and providing networking and business matching services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

OilChem operates a commodity information services platform providing daily pricing surveys, market data, import/export statistics, and industry analysis reports across energy, chemicals, plastics, rubber, chemical fiber, coal chemicals, and emerging sectors including lithium batteries, hydrogen energy, and photovoltaics. The platform covers over 100 commodity varieties through a Price Center (real-time pricing), Data Terminal (capacity, production, operating rate, trade data), and Report Center (weekly/monthly/annual reports), supplemented by industry conferences, consulting, and mobile applications.

Product overview

OilChem (隆众资讯) operates as a comprehensive commodity information and price data platform offering a unified portfolio of products. The core offerings include the Price Center for real-time market pricing data across factory, market, and international segments; the Data Center providing supply/demand statistics including capacity, output, operating rates, and trade data; and the Report Center delivering weekly, monthly, and annual market analysis. Supporting services include Longzhong Meeting for industry conferences (200+ events annually), Longzhong Consulting for market research and strategic advisory, and Longzhong Micro Video for video content including analyst interviews. The platform covers 24 industry verticals spanning energy, petrochemicals, plastics, rubber, chemical fibers, polyurethane, fertilizers, coal chemicals, salt chemicals, and emerging sectors like lithium batteries, hydrogen energy, and photovoltaics.

Differentiator

Problem solved

Functional benefit

Brands

• 隆众微视: Video center featuring industry news, expert interviews, and market analysis content.
• 隆众会议
• 隆众数据终端
• 隆众报告中心

Products and services

• Price Center (价格中心) Provides real-time market prices for commodities including factory prices, market prices, and international prices across multiple regions and product categories, serving energy companies, refineries, chemical manufacturers, and traders.
• Data Terminal (数据终端) Offers comprehensive data tracking including production capacity, output, operating rates, apparent consumption, import/export data, and import dependency ratios across energy and chemical commodity sectors.
• Report Center (报告中心) Provides periodic market analysis reports including weekly, monthly, and annual reports across various chemical sectors, delivering in-depth supply-demand analysis, price forecasts, and market commentary.
• Longzhong Meeting (隆众会议) Organizes industry conferences and events, hosting over 200 events annually with more than 1000 industry experts and serving over 300,000 cumulative clients for networking and business matching.
• Longzhong Consulting (隆众咨询) Provides consulting services including customized market research, data management, investment finance consulting, and strategic planning for clients in energy and chemical sectors.
• Longzhong Micro Video (隆众微视) Video content platform providing industry insights and analyst interviews including coverage on CCTV-2 for commodity market commentary and analysis.
• Mobile App Mobile application for energy and chemical market information and pricing, available on iOS and Android with personalized customization features and real-time price alerts.

Quantifiable outcome

• Coverage of over 100 commodity varieties across energy, chemicals, plastics, rubber, and emerging sectors
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered founding, supporting and core.

• Sinopec (China Petroleum & Chemical Corporation)foundingStrategic or Co-development Partner · 1 January 1988OilChem originated in 1988 as the Sinopec Business Information Network (中石化商情网), establishing the foundation for China's first professional petrochemical information platform. This origin provides deep heritage and expertise in China's energy and chemical sectors.
• Kpler Ltd.supportingTechnology or IntegrationKpler provides crude oil storage and vessel tracking data that complements OilChem's market analysis. OilChem uses Kpler data for tracking approximately 38 million barrels of Iranian crude stored on vessels in Asia, providing inventory analysis for China's independent refiners.
• Mysteel (Shanghai Steel United)coreTechnology or IntegrationMysteel serves as a related platform providing steel and raw materials data. OilChem and Mysteel are sister platforms under the same parent company, providing complementary commodity coverage across energy, chemicals, and metals sectors.
• CCTV-2 (China Central Television Finance Channel)supportingGTM or Marketing PartnerOilChem analysts appear on CCTV-2 programs including '正点财经' (Noon Finance) and '央视财经频道' to provide expert commentary on commodity markets, enhancing brand visibility and credibility through mainstream media exposure.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Market position

Strengths4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xweibo.com/oilchemnet

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OilChem