The invention aims at providing liquid phenolic resin with a high 
solid content and special for resin 
grinding tools and a preparation method thereof. The liquid phenolic resin is appropriate in molarratio, high in 
solid content and stable in technical index, and the resin 
grinding tools made of the liquid phenolic resin have excellent performance. The phenolic resin is prepared from, by 
mass, 100 parts of 
phenol, 94-170 parts of 
formaldehyde, 5-15 parts of composite 
alkali metal oxides, 1-10 parts of 
formaldehyde catching agent, 1.2-3.0 parts of basic catalysts and 0.1-2 parts of 
lactic acid, wherein the concentration of 
formaldehyde is 37%. The preparation method of the phenolic resin includes the following steps of adding 
phenol and formaldehyde; adding the basic catalysts; conductingheating by three steps, and then conducting vacuum 
dewatering; introducing icy water for fast cooling, adding composite 
alkali metal oxides, and then conducting depressurization and 
dewatering; addinga formaldehyde catching agent and 
lactic acid, and conducting stirring; detecting corresponding technical indexes, and if the indexes reach standards, obtaining a product. The liquid phenolic resin with the high 
solid content and special for the resin 
grinding tools and the preparation method thereof are applied to the field of phenolic resin.