The invention belongs to the technical field of polyformaldehyde ropes, and particularly relates to a preparation process of a graphene reinforced polyformaldehyde rope. The preparation process comprises the following steps: S1, taking the following raw materials in parts by weight: 60-72 parts of polyformaldehyde, 22-26 parts of high-molecular polyethylene, 3-7 parts of carbon fibers, 0.1-0.3 part of graphene, 2-5 parts of a dispersant, 0.2-0.4 part of an ultraviolet ray absorber, 0.1-0.3 part of a reinforcing agent, and 0.6-1 part of an antioxidant. According to the preparation process, the polyformaldehyde, high-molecular polyethylene, carbon fibers and graphene are used as main raw materials, so that the polyformaldehyde rope has the characteristics of high modulus, high toughness and high wear resistance, and also has good high-temperature resistance; the graphene plays a role in heterogeneous nucleation of the polyformaldehyde, so that the polyformaldehyde rope has high tensile strength and excellent mechanical properties, the strength and wear resistance of polyformaldehyde fibers are further improved, graphene layers can be separated and prevented from gathering, and thus the graphene is dispersed more uniformly.