BANGKOK, March 3 - Tokyo rubber futures were lower on Thursday on growing worries about a drop in demand if world economic growth is hurt by the unrest in the Middle East, but tight supply still lent some support, dealers said.
* The benchmark rubber contract on the Tokyo Commodity Exchange <0#JRU:> for August delivery edged 1.2 yen lower to settle at 475.9 yen per kg.
* The most active Shanghai rubber contract for May delivery fell 400 yuan to finish at 38,460 yuan per tonne.
* "Players feared that demand could fall and oil prices did not perform very well, so players liquidated contracts to avoid risk," one dealer said.
* Oil fell more than $3 on Thursday after the head of the Arab League said a peace plan for Libya, proposed by Venezuelan President Hugo Chavez, was under consideration. [O/R]
* Dealers said they expected TOCOM rubber to rally on Friday as tight supply in producing countries should still lend support.
(Source: http://asia.news.yahoo.com/rtrs/20110303/tap-markets-asia-rubber-c3bb44c.html)
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