Recently, with the development of the coal industry out of the role of policy, coal prices to stabilize gradually warmer. The author thinks that the next year, the coal market oversupply pressure still exists, the social high inventory and downstream demand still will be accompanied by the coal market, coal prices rose significantly curb the formation of. The reason for this conclusion, the author has the following basis. One is the economy shift period will affect the total amount of coal consumption. At present, China's macro economy is in growth speed shifting period, structural adjustment period and the stimulus policy digestion period "phase three" superimposed stage. Next year, China's economic structure adjustment will continue, and the revolution of energy production and consumption to promote energy saving and emission reduction, and environmental pressures, the national coal consumption growth by the previous 10 years the average annual growth of around 10% fall to 3%, resulting in coal demand growth slowed sharply. Two is the coal enterprises capacity in advance, market is still oversupply situation. The next year, "3 on the west" coal base capacity will be fully released, and after the merger and reorganization of coal mine production and the integration of the resources of quick release, prompting the market oversupply pressures. At present, the coal market supply exceeds demand, lack of demand and capacity building, to accelerate the release of pre production are superimposed on each other, resulting in coal inventory increase, social inventory for more than 30 months to maintain more than 3 tons in. Next year, the user needs to digest high coal coal inventory, purchasing quantity continue to maintain a low, the market supply and demand balance is difficult to achieve, thus affecting the rising coal prices. The three is the hydropower will continue to maintain the trend of thermal extrusion. This year the hydropower operation good, all put into operation generating units of Xiluodu and Xiangjiaba, bin Sargent HVDC project also officially put into operation, re Feng, Jin Su, binkin three special high-voltage full load to the East China power transmission, coupled with frequent rainfall in summer, good hydropower. Data show that in 2015 the total hydropower installed capacity will exceed 300000000 kilowatts, an increase of about 10000000 kw. Is expected next year, China Eastern and Southern China area electricity purchased will still maintain the growth momentum, thereby reducing the coal consumption. The four is the domestic has the formation of normal procurement of imported coal. Although the state has adopted imported coal tariff income and improve the quality of the access threshold and other measures to restrict the import of coal, in September this year, in October, China's coal imports the decreasing trend, but with the rise in the domestic price of coal, power plant coal procurement costs increase, the quantity of imports or to rebound. Especially as the Southeast Asian countries, Indonesia, Vietnam and other countries not subject to taxation of coal impact, bound with low price advantage to enter the domestic market, thereby inhibiting the domestic coal prices rebound. The five is the port capacity increase, transport more relaxed. The next year, as the Caofeidian Port coal two, Jingtang Port expansion project put into operation new transport capacity and Shenhua quasi pool railway opened, the port capacity rapidly improve, the new transport capacity will be more than the downstream demand increment, the northern port of homogenization of competition will be more intense. Each port and railway departments will strengthen the communication, to speed up the truck, increase savings, to attract users, resulting in each port stored coal are constantly rising, inventory pressure increase, the market continued to develop in the direction of supply exceeding demand. Next year, is expected to domestic coal stocks will decline slightly, coal prices will also get rid of low around the trend, a small rise, the market situation is getting better gradually. But by the demand growth slowed and environmental pressures increase double factors, the annual coal market situation is not optimistic, the buyer's market has long time occupies the dominant pattern.