Copper futures fell over 1% during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the industrial metal on firmer US dollar, against a basket of other currencies. The US dollar strengthened as investors awaited the British Prime Minister Theresa May’s speech today in which she may say that the UK is likely to pull out of the single market for goods and services and seek a completely new trading relationship with the bloc. However, expectations of strong demand in top consumer China, restricted further slide in copper prices at futures trade. 

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At the MCX, copper futures for February 2017 contract is trading at Rs 395.70 per kg, down by 1.09% , after opening at Rs 398, against a previous close of Rs 400.05. It touched the intra-day low of Rs 394.15.