The invention relates to special wire drawing oil for an aluminum wire, which is characterized in that the special wire drawing oil for the aluminum wire comprises biodiesel, colza oil, an antioxidant, a polyester extreme pressure agent and a phosphor-bearing antiwear agent, wherein the compositions by mass portion of the special wire drawing oil for the aluminum wire are: 100 portions of the biodiesel, 20 to 50 portions of the colza oil, 1 to 5 portions of the antioxidant, 5 to 20 portions of the polyester extreme pressure agent and 1 to 5 portions of the phosphor-bearing antiwear agent. The invention relates to a method for manufacturing the special wire drawing oil for the aluminum wire, which comprises the following steps: a. weighing up the biodiesel, the colza oil, the antioxidant, the polyester extreme pressure agent and the phosphor-bearing antiwear agent for standby according to the weight proportion; b. adding the biodiesel into a container at normal temperature, and adding the colza oil into the container, so as to form a solution after uniform stirring; and c. adding the antioxidant, the polyester extreme pressure agent and the phosphor-bearing antiwear agent to the solution in the step b, and uniformly stirring the solution until no deposit exists. The special wire drawing oil for the aluminum wire has low kinematic viscosity, good fluidity, good lubricating effect and strong safety.