The invention belongs to the field of an organic high-molecular compound, and particularly relates to a PP(Propene Polymer)-PE(Poly Ethylene) alloy and a preparation method thereof. The PP-PE alloy is prepared from the following raw materials including PP, PE, titanium dioxide, rectorite, thiourea, wood fiber, a titanate coupling agent, sulfonated zinc polystyrene and maleic anhydride-glycidyl methacrylate bimonomer grafting high-density polyethylene. The preparation method comprises the following steps of A, weighing the titanium dioxide, the rectorite, the thiourea and the wood fiber according to the weight parts; putting the materials into a high-speed mixing machine; performing dispersion and mixing; and obtaining a mixture A; B, adding the titanate coupling agent and the sulfonated zinc polystyrene into the mixture A obtained in the step A in a spraying way to obtain a mixture B; and C, adding the mixture B obtained in the step B into an extrusion machine, and performing plasticization, fusion, compounding, machine head extrusion, strip pulling, cooling, pelletizing, drying and packaging to obtain the PP-PE alloy. The prepared PP-PE alloy has excellent mechanical performance, and the preparation method is simple.