The invention discloses a novel lubricating material and a preparation process thereof. The novel lubricating material is prepared from butter, naphthenic oil, glycerol, polyoxyethylene hydrogenated castor oil, methyl citrate, monomethyl citrate, lupeol palmitate, succinimide succinate-based thioester, talcum powder, graphite, paraffin base, fatty soap and polyalkenyl succinimide. The novel lubricating material disclosed by the invention is relatively low in consistency, so the resistance of a mechanical transmission mechanism is reduced, and the load of machine operation is reduced; in addition, the lubricating material is large in adhesive force and can be easily attached to the surface of metal, so the lubricating material is attached to the mechanical transmission mechanism, the mechanical transmission mechanism smoothly operates, the resistance is further reduced, a mechanical structure can be protected, and abrasion is reduced; and the lubricating material has application and popularization value.