The invention discloses a mould used for producing plastic cups. The mould comprises a base, guide posts, grooves, cup moulds, cup mould fixing cavities, side fixing plates, main air paths, air tubes, air holes, fixed frames and water paths, wherein the grooves are uniformly formed in the base; the cup moulds are fixedly arranged in the grooves; the cup mould fixing cavities are fixedly arranged outside the cup moulds; the lower ends of the cup mould fixing cavities are fixedly mounted on the top surface of the base; two side parts of each cup mould fixing cavity are fixedly equipped with the side fixing plates through bolts; the main air paths are arranged in the cup mould fixing cavities; the two ends of each main air path are equipped with the air tubes; the air tubes are mounted on the top surface of the base through the fixed frames; the air holes are formed in the inner walls of the cup moulds; the air holes communicate with the main air paths; the water paths are arranged in the cup mould fixing cavities; the water paths are arranged in series; and the guide posts are symmetrically arranged on the lower parts at the two ends of the base. The two water paths are in series connected to form greater heat exchange, so that the mould is cooled more sufficiently; and moreover, cooling efficiency is high, production efficiency is further improved, labels are not liable to drop, and air hole blocking probability is reduced.