The invention provides a preparation process for an anti-explosion castable. The anti-explosion castable comprises the following raw materials in parts by mass: 60 parts of special bauxite aggregates, 17 parts of bauxite clinker powder, 8 parts of fused alumina powder, 4 parts of kyanite, 2 parts of anti-explosion fibers, 9 parts of silica powder, 10 parts of calcium aluminate cement and 0.5 part of an additive, wherein the special bauxite aggregates include more than 20% of special bauxite aggregates with the grain sizes of 5-3 mm, more than 15% of special bauxite aggregates with the grain sizes of 3-1 mm and more than 15% of special bauxite aggregates with the grain sizes of 1-0 mm; the bauxite clinker powder is 200-mesh and the fused alumina powder has the grain size of 3-5 microns. The preparation process comprises the following steps: grinding the raw materials, wherein the special bauxite aggregates are ground to have the grain sizes of 5-3 mm, 3-1 mm and 1-0 mm respectively, and the bauxite clinker is ground into 200-mesh powder; starting a stirrer for stirring for 8-10 minutes; detecting and packaging. According to the preparation process provided by the invention, the anti-explosion castable is high in compactness, good in fire resistance and excellent in slag resistance.