The invention discloses a coolant for aluminum alloy processing. The coolant is prepared from components in parts by mass as follows: 20-30 parts of stearate, 5-10 parts of low-silicon acidized triethanolamine, 4-8 parts of sodium dodecyl sulfate, 5-8 parts of organic silicone oil, 3-5 parts of dodecenylsuccinic acid, 8-15 parts of a sodium hydroxide solution with the concentration being 55%, 0.1-0.2 parts of diethyl acetate tetrahydrate and 40-50 parts of wheat grass juice. The selected materials are excellent, the coolant is formed through high-temperature and high-pressure composition with the scientific processing method and is high in antibacterial capacity, good in antirust effect and free of layering, the problems of cutting fluids corrode machine tools, deteriorate and stink in the past are solved, few precipitates exist during usage, the product is clean and qualified, nitrite, phosphorus and sulfur compounds are eliminated in the product formula, the wheat grass juice is added, and the product is environment-friendly, economical, low in cost and non-toxic, causes no harmful effects on skin, can significantly improve the finish of processed surfaces and provide good antirust protection for parts and is applicable to cutting of black metals, aluminum and aluminum alloys.