The invention discloses cooling liquid for cutting. The cooling liquid is prepared from the following ingredients in parts by weight: 80 parts of ethylene glycol, 7 parts of castor oil, 8 parts of simethicone, 5 parts of tetramethyl orthosilicate, 0.5 part of sodium borate, 10 parts of dodecanedioic acid, 3 parts of nanometer diatomaceous earth, 8 parts of lauric acid, 2 parts of methenamine, 0.3 part of lithospermum purpurocaeruleum oil, 0.1 part of a corrosion inhibitor, 0.6 part of a defoaming agent, 1 part of an adjuvant and 78 parts of water. The cooling liquid disclosed by the invention is scientific and reasonable in formula, simple in production technology, high in cooling properties, good in stability, good in corrosion prevention effects, safe and reliable to use, and nonhazardous; the effective circulation of the cooling liquid is guaranteed, the working efficiency can be improved, and the working environment is purified; the product of the cooling liquid has good lubricating properties, cooling properties, anti-rust properties and antifoam properties, is suitable for cutting and processing of various metal such as cast iron, steel, aluminum alloy and copper alloy, is clean, environmentally-friendly, free from smelliness, free from toxins, and tasteless, and does not have any adverse effect on skin.