Tokyo futures extend loss into 2nd day

TOKYO, Aug 21 (Reuters) - Key TOCOM rubber futures fell on Tuesday, extending declines into a second session as last week's lift from efforts by producing countries to bolster prices faded and long-term worries about weak demand weighed on the market.

FUNDAMENTALS

* The key Tokyo Commodity Exchange rubber contract for January delivery was down 1.4 yen, or 0.6 percent, at 218.0 yen per kilogram as of 0025 GMT.

* The contract last week rose as high as 224.8 yen, the highest since Aug. 8, after Thailand, Indonesia and Malaysia, the world's three top rubber producers, announced their latest plan to shore up slumping global prices.

* The TOCOM market had slipped to a nearly three-year low of 205.6 yen on Aug. 14, the lowest since October 2009, amid investor concerns over global demand.

MARKET NEWS

* Japan's Nikkei share average steadied at a three-month high in early trade on Tuesday, as the European Central Bank quashed speculation about the form to be adopted by a bond-buying programme to combat the region's debt crisis.

* The dollar traded around 79.35 yen on Tuesday, after hitting a five-week high of 79.66 yen on Monday. Analysts said the dollar should continue to gain, however, from improvements in U.S. economic data that have lifted Treasury debt yields.

* Oil prices slipped on Monday in choppy trading as investors worried about the European Central Bank's ability to address the euro zone debt crisis, while tight North Sea supplies and Middle East turmoil limited losses.

DATA EVENTS

* The following data is expected on Tuesday: (Times in GMT)

1145 U.S.

ICSC chain stores yy Weekly

1255 U.S.

Redbook weekly retail sales

2030 U.S. API weekly crude stocks Weekly

2030 U.S. API weekly dist. stocks Weekly

2030 U.S. API weekly gasoline stk Weekly

2350 Japan Exports yy Jul (Reporting by Risa Maeda; Editing by Edmund Klamann)

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