The invention discloses a self-drying water-based aluminum powder coating for PVC screens and its preparation method and application, comprising water-based resin, water-based aluminum powder, water-based additives and water, wherein the mass percentage of the water-based resin is 50-60%, and the water-based aluminum powder The mass percentage is 20-25%, and the water-based additive is 5-15%. Further, the water-based additives include water-based dispersants, water-based leveling agents, water-based defoamers, water-based anti-settling agents, and water-based wax pastes. The present invention uses water-based paint instead of oil-based paint, uses water as a solvent, reduces costs, is safe and environmentally friendly, and greatly reduces environmental pollution and the health of construction workers; Resins with a lower film-forming temperature do not need to add additional high-boiling co-solvents, which reduces VOC emissions.