The application discloses a hydrocracking method for improving color stability of special oil. The method is a one-stage series hydrocracking process, wherein a hydrocracking catalyst
bed and a post hydrofining catalyst
bed are arranged in sequence along the
liquid phase material flow direction in a hydrocracking reactor, and the method comprises the following steps: a
wax oil
raw material is sequentially introduced into a hydrofining reactor and a hydrocracking reactor, and the obtained product is separated and fractionated to obtain an industrial
white oil fraction; wherein, a material P is introduced between the hydrocracking catalyst
bed and the post hydrofining catalyst bed, the material P is one or more of C17-C22
phenols, aromatic alcohols, aromatic aldehydes,
aromatic ketones and aromatic esters; an
air cooling device is arranged before
fractionation of the obtained product, wherein the
air cooling device is water injected so that the material P in the product is taken out of the
reaction system by the water phase. The method can improve the color stability of the special oil under the condition that the hydrocracking device is mainly used for producing the special oil.