The invention relates to a powdery emulsion explosive, which is prepared by the following steps: taking the raw materials of 75-85% of ammonium nitrate, 5-10% of auxiliary oxidant, 2-6% of organic oil-phase material, 0.7-1.3% of emulsifier, 1-3% of cosolvent, 1-11% of blast reducer and 1-5% of water by weight, wherein the organic oil-phase material takes decompressing cerate, petroleum wax, foots oil and polymer as basic raw materials in current technology, supplementing a phospholipid additive, introducing air under the conditions of temperature of 140-180 DEG C and an 0.1%-1.0% oxidation catalyst, and reacting for 2-10 hours. The present invention improves explosive performance, water resistance, moisture resistance, caking resistance and storage stability of the powdery emulsion explosive, and reduces the usage amount of emulsifier. The powdery emulsion explosive is subjected to industrial production under any environment, and completely eliminates harm of TNT on human and environment.