BANGKOK, Feb 8 - Tokyo rubber futures rose further on Tuesday on the back of concerns on falling supply, but weaker oil prices still weighed on prices, dealers said.
* The benchmark rubber contract on the Tokyo Commodity Exchange <0#JRU:> for July delivery rose 8.1 yen, or 1.6 percent, to settle at 498.9 yen per kg.
* Oil prices edged down on Tuesday as transit through the Suez Canal remained unaffected by the political turmoil in Egypt, while expectations of a build-up in U.S. crude inventories also weighed.
* "Players liquidated contracts again after seeing oil prices retreat, preventing rubber futures from breaking another new record," one dealer said.
* The Shanghai rubber futures market is closed and will reopen on Wednesday after a week-long holiday.
* TOCOM rubber futures prices were expected to rise further on Wednesday, as fears on falling supply was likely to provide supports, dealers said. (Reporting by Apornrath Phoonphongphiphat; Editing by Jason Szep)
(Source: http://asia.news.yahoo.com/rtrs/20110203/tap-markets-asia-rubber-c3bb44c.html)
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