The invention belongs to the technical field of chemical industry, and relates to a lubricant production formula for wire drawing and a production method thereof. The formula mainly consists of paraffin wax, emulsifier OS, emulsifier OP, polyethylene glycol, stearic acid, triethanolamine and deionized water composed of. The preparation method of the present invention is: firstly add deionized water into the disperser and heat it to 85-90°C, then turn on the disperser, and in the dispersed state, paraffin, emulsifier OS, emulsifier OP, stearic acid 1. Add triethanolamine into the disperser, disperse for 30 minutes, then add polyethylene glycol into the disperser, continue to disperse for 10 minutes, stop the disperser, and when the temperature of the material in the disperser drops to room temperature, the drawn wire can be obtained. Use lubricant. This product is widely used in the drawing lubrication of galvanized products, nickel-plated products, copper-plated and chrome-plated products, and has the characteristics of good lubricating effect, low production cost and bright products.