The invention relates to a coke dry quenching furnace castable used for in-suit generation of aluminium nitride, and a preparation method thereof. According to the preparation method, 45 to 65wt% of mullite, 15 to 35wt% of silicon carbide, 2 to 8wt% of aluminum powder, 0 to 5wt% of aluminium-silicon alloy powder, 0 to 2wt% of silicon powder, 4 to 6wt% of alpha-aluminium oxide micro powder, 2 to 4wt% of silicon micro powder, and 4 to 6wt% of calcium aluminate cement are taken as raw materials, a catalyst with an amount accounting for 0.1 to 0.3wt% of the amount of the raw materials, an anti-hydration agent with an amount accounting for 0.2 to 0.5wt% of the amount of the raw materials, and a water reducing agent with an amount accounting for 0.1 to 0.3wt% of the amount of the raw materials are taken as additives; aluminum powder, aluminium-silicon powder, the catalyst, and the anti-hydration agent are subjected to pre-mixing so as to obtain a premixed material; the premixed material, the water reducing agent, and the other raw materials are mixed and stirred to be uniform so as to realize in-suit generation of the aluminium nitride coke dry quenching furnace castable. The coke dry quenching furnace castable is excellent in middle temperature and high temperature mechanical properties, wear resistance, and thermal shock stability, is long in service life, is friendly to the environment, and is capable of saving energy, and is suitable for coke dry quenching furnace chute stand columns.