The invention relates to a catalytic
conversion method for preparing light
fuel oil and propylene, comprising: leading inferior
crude oil to enter a catalytic conversion reactor to be contacted with catalyst and have reaction; separating the
reaction product, and obtaining the product containing the propylene, crude
gasoline and catalytic
wax oil, wherein leading the crude
gasoline to enter another catalytic conversion reactor to be contacted with catalytic conversion catalyst to have reaction; treating the catalytic
wax oil by hydrotreating or / and
solvent extraction; and taking the catalyticwax oil obtained by hydrotreating or / and
raffinate oil of the catalytic
wax oil as
raw material of the catalytic conversion reactor or other catalytic conversion reactors. In the method, after the catalytic wax oil which is obtained by carrying out mild catalytic conversion on the inferior
crude oil is treated by hydrotreating or / and
solvent extraction, the obtaining catalytic wax oil obtained byhydrotreating or / and
raffinate oil contains
alkane or cycloparaffin, and is very suitable for catalytic conversion, thus realizing high efficiency utilization of oil resources.