The invention relates to a premelting composite slugging agent for a converter and a preparation method thereof. The slugging agent comprises raw materials of lime, ferric oxide powder, activated aluminum oxide powder, low-sulfur cement, silica powder and an activating agent, wherein the raw materials comprise the following components in percentage by mass: 15-35% of CaO, 15-35% of Fe2O3, 5-15% ofAl2O3, 5-15% of MgO, and not greater than 15% of SiO; and the slugging agent contains not greater than 0.25% of impurity element S. According to the slugging agent, the raw materials are environmentally friendly; the melting point is low; the slagging speed is high; the breathability of slags can be obviously improved; the splashing in the converting process is reduced; and meanwhile, the slugging effect in the converting process can be effectively improved through the slugging agent, and the converting process is stable; the slugging agent avoids re-drying and gun adhering; in addition, theend point oxygen of a converter can be decreased after the converting slugging effect is improved, so that the oxidization of the slags can be reduced; the steel iron consumption is decreased; and theproduction cost is reduced.