2005 was a quiet year for Chinas futures market.After four new trading products, including cotton, fuel oil and co, were launched on the market in 2004, the development of the market seemed to stagnate. The trade value of the futures market totaled 13.4 trillion yuan (US$ 1.67 trillion) in 2005, down 8.5 percent year-on-year. Although the decrease is quite small and the trade value was still the second highest in the markets history, the majority of futures brokerage firms were running in the red. In some areas, up to 80 percent of futures companies made losses.