The invention provides a low-porosity periclase-magnesium aluminate spinel-zirconia sintered composite refractory material, which is prepared from the following materials: 35-48% of 5-1mm magnesia, 15-30% of 1-0.088mm magnesia or synthetic magnesium aluminate spinel, 10-30% of less than 0.088mm synthetic magnesium aluminate spinel, 0-12% of less than 0.020mm synthetic magnesium aluminate spinel, 0-10% of G alumina micro powder, 0-4% of magnesium oxide micro-powder, 1-10% of zirconium oxide micro-powder, 0.05-0.2% of external third generation water reducing agent and 3-7% of external sulfite lye. During production, the magnesia is taken as an aggregate, and the composite magnesium aluminate spinel-zirconium oxide is taken as a base material; in the base material, the synthetic magnesium aluminate spinel is taken as coarse particles, while in-situ spinel-zirconium oxide is taken as fine particles; a brick-making material is dispersed in an efficient dispersant and then formed into compact green bricks under high pressure; then the compact green bricks are sintered at high temperature to form the refractory material with a compact structure; according to the proportions of the raw materials, all the raw materials are weighed, blended, mixed, molded and dried, and then sintered in the temperature range from 1650 to 1800 DEG C for 5-10 hours, and finally, the refractory materials is obtained. The refractory material has extremely low apparent porosity, and excellent high-temperature resistance, thermal shock resistance and erosion resistance; therefore, the refractory material is applicable for the grid of the heat accumulating chamber of a glass kiln as an erosion-resistant refractory material.