The invention relates to a technology of color master batches for a polyolefin yarn fiber, which comprises pigments, plastic additives and carrier resin, wherein the plastic additives comprise dispersed lubricant, an antioxidant, a light stabilizer, a coupling agent and liquid paraffin. The process for preparation is that the pigments, a part of plastic additives and the carrier resin are added into a high-speed mixer to be mixed, and then the coupling agent and the liquid paraffin are added to be stirred in a high speed, and at last the above stirred mixture is sent to a twin-screw extruder to be extruded, cooled, dried and granulated. The invention has the characteristics of less dosage, excellent weathering resistance, easy dispersing and excellent processability, and is suitable for the yarn fiber which takes polyethylene, polypropylene and other copolymer as base materials.