The paper analyzes the basic features and development tendencies about the current world coal market from its demand，supply，investment，trade，mergers and acquisitions and so on. This paper also argues that the growth rate of worldwide coal consumption continues slowing down in 2013，and demand from the main coal consuming nations is relatively weak. The total coal production in the world starts to decline，and the international coal prices are volatile. Coal investment presents the downward trend. However，the export trades in main coal-producing countries are on the rise.And the big coal consuming nations expand the scale of their imports. In addition，developing countries speed the pace up in coal overseas M&A. In 2014，worldwide coal demand would gradually warm up as well as the pulling function of down stream industry would level off. Besides，the overall supply situation would be improved with active investment growth. Coal trade would keep steady. It is considered that India would be the biggest coal importer in the world. A large number of facts proved the coal resources would have more intense international competition.