The invention relates to a preparation method of a low temperature spherical iron casting for a 3 MW wind power wheel hub as well as an additive, a nodulizing agent, an inoculant and an instantaneous inoculant for founding. The low temperature spherical iron comprises the following elements in percentages by weight: 3.6-3.9 percent of C, 1.7-2.5 percent of Si, 0.1-0.3 percent of Mn, less than 0.045 percent of P, less than 0.02 percent of S, 0.03-0.6 percent of Mg and the balance of trace impurity element. The preparation method of the low temperature spherical iron comprises the following steps of: (1) smelting; (2) nodulizing and inoculation, wherein the nodulizing agent consists of an A-type nodulizing agent and a B-type nodulizing agent, the A-type nodulizing agent comprises the following elements in percentages by weight: 5.5-6.5 percent of Mg, 44-48 percent of Si, 2-3 percent of Ba, 1-1.4 percent of Ca and the balance of Fe, and the B-type nodulizing agent comprises the following elements in percentages by weight: 6-7 percent of Mg, 42-45 percent of Si, 1.0-1.5 percent of Re and the balance of Fe, and stream inoculation is carried out in the nodulizing process and the inoculant comprises the following elements in percentages by weight: 72-76 percent of Si, 1.5-2.5 percent of Ca, 8-12 percent of Ba, less than 0.15 percent of Al and the balance of Fe; and (3) pouring: stream instantaneous inoculation is carried out in the pouring process and the instantaneous inoculant comprises the following elements in percentages by weight: 68-75 percent of Si, 0.75-1.25 percent of Ca, 1.5-2.5 percent of Bi, less than 0.15 percent of Al and the balance of Fe.