The invention relates to a 1206 lubricating grease, comprising the following components by weight percent: 2-4% of aluminum isopropoxide, 4-6% of aminated bentonite, 3-5% of stearic acid, 1-3% of benzoic acid, 37-41% of viscous oil in refined naphthenic base, 29-43% of viscous oil in refined paraffin base, 1-3% of zinc dialkyl dithiophosphate, 1.6-2.9% of triazole fatty acid ammonium salt, 0.1-0.5% of a triazole derivative, 0.8-1.8% of tricresyl phosphate, 1.2-5% of polyisobutene and 0.7-1% of ethyl carbamate. Compared with the prior art, the 1206 lubricating grease is high in dropping point, large in sintering load data and relatively good in compression and wear resistance, and the more outstanding feature is as follows: the steel mesh is excellent in oil dividing, the embodiment 3 is 1/10 of the 1275 grease of LE company of America, and the embodiment 1 is not greater than 1/8; obviously, the pollution in the operation is smaller, the resource can be saved more, and the operation period of the equipment can be prolonged.