Copper futures fell during afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal as China’s week-long Lunar New Year holiday drained the markets of liquidity and direction. 

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The China’s Shanghai Futures Exchange is closed for the Lunar New Year holiday through to February 2 and will reopen on February 3. Besides, investors also remained warry on uncertainty over US policy after the Trump introduced immigration curbs that sparked criticism globally. Trump's move to ban entry of refugees and people from 7 Muslim majority countries mounted criticism and protests in major American cities. 

At the MCX, copper futures for February 2017 contract is trading at Rs 404 per kg, down by 0.10 %, after opening at Rs 402.45, against a previous close of Rs 404.40. It touched the intra-day low of Rs 402.45.