BEIJING, September 22 (InfoChina) -- With international oil prices falling to a five-month low in the past week, investors turned their backs on resources-related stocks as Chalco, PetroChina, CNOOC, etc to return to the fuel-dependent transport sector in the hope of finding undervalued stocks.

Sinopec (NYSE: SNP) and its listed subsidiary Sinopec Shanghai Petrochemical should be the first to feel the warmth of the changing investor sentiment.

According to inside information, Sinopec and PetroChina (NYSE: PTR) have lowered the prices of the crude supplied to each other’s refineries as of this September, largely due to falling international oil prices. The lowered prices will ease the mounting pressures on refineries, especially that of Sinopec, the country and the whole Asia’s largest refiner.

Though certain domestic media are pouring fanfare over another government-orchestrated product price hike, refineries’ rallying production willingness will make such a scenario unlikely in the near future.

Experts here say the country’s refinery facility utilization rate will be relatively high in September though supply may still seem in shortfall as demand, especially that of diesel, will rise.