The invention relates to an iron-base powder metallurgy material for a high pressure valve. The iron-base powder metallurgy material is made of the following raw materials in parts by weight: 4 to 5 parts of nano carbonyl iron powder, 1.0 to 1.3 parts of fatty acid diamide, 10 to 20 parts of Co, 4 to 5 parts of Ni, 2 to 3 parts of Sn, 1 to 1.5 parts of Nb2O5, 2 to 3 parts of Bi2o3, 8 to 12 parts of WC, 5 to 7 parts of Al2O3, 4 to 6 parts of TaC, 3 to 4 parts of LaB, 0.5 to 0.6 part of silane coupling agent kh-550, appropriate amount of 1% sodium carbonate solution, appropriate amount of water, 4 to 4.5 parts of sodium hypophosphite, 0.4 to 0.6 part of polyethylene glycol, 50 to 55 parts of 2Mol/L copper sulfate solution, 2 to 3 parts of wetting additive and 56 to 59 parts of iron powder. The iron-base powder metallurgy material is suitable for producing a valve with nominal pressure being less than or equal to 32MPa; by adding WC, Al2O3, TaC and LaB, the heat resistance and corrosion resistance of the valve can be improved, and mediums such as water, steam, hydrogen, ammonium, nitrogen, petroleum and the like at the temperature of -30 to 425 DEG C can be conveyed.