The invention relates to a plastic material for repairing a medium-frequency furnace lining and a preparation method of the plastic material. According to the technical scheme, the preparation method comprises the following steps: taking 18 to 30 percent by weight of aluminum
oxide powder, 10 to 20 percent by weight of
kyanite, 2 to 7 percent by weight of
chromium oxide powder and 2 to 5 percent by weight of a
plasticizer as base materials, and taking 50 to 65 percent by weight of
alumina particles as aggregates, wherein the sum of the base materials and the aggregates are raw materials; mixing the base materials for 1 to 1.5h, then adding the aggregates and the mixed base materials into a mixing and
grinding machine, adding 3 to 5 percent by weight of
phosphoric acid and 3 to 5 percent by weight of water, mixing and
grinding, thus obtaining semi-dry paste; aging, adding the aged semi-dry paste into the mixing and
grinding machine, additionally adding 2 to 3 percent by weight of
phosphoric acid, 0.05 to 0.15 percent by weight of a
corrosion inhibitor, 0.1 to 0.5 percent by weight of a moisturizing agent and 3 to 5 percent by weight of water, mixing and grinding, thus obtaining mixed paste, extruding and molding the mixed paste, thus obtaining the plastic material for repairing the medium-frequency furnace lining. The production cost is low, the prepared product is long in storage time, easy to construct and excellent in application performance.