The invention provides a balance compensation cable for a high-speed elevator.The balance compensation cable comprises a compensation cable body, and the compensation cable body comprises at least one evenly distributed core and an outer wrapping layer wrapping the cores.The compensation cable body is flat, the cores are steel wire bundles or carbon fiber, and the outer wrapping layer comprises polyoxyethylene resin, plasticizer, stabilizer, a lubricating agent, a flame-retardant agent, accelerant, an adhesive, an anti-aging agent, a reinforcing agent and inorganic filler.The cores and the outer wrapping layer are poured together into a solid integrated element.The wide balance compensation cable for the elevator lowers operation noise, increases specific gravity of unit length, and has the advantage of being large in bearing load.The outer wrapping layer meets the requirements for softness, environment stress cracking resistance and heat resistance, elasticity is good, bending radius is small, and safety performance of the elevator is improved.