In view of problems in the existing cellulose ethanol preparation technologies that inhibitors in a cellulose hydrolyzate inhibit fermentation, xylose cannot be completely converted, glucose inhibitsfermentation of the xylose, and a cellulase acting temperature and a microbe fermentation temperature are non-uniform, the invention provides a fermentation method for producing xylitol and ethanol byusing undetoxified cellulose raw materials. The fermentation method comprises the steps of inoculum culture, xylose fermentation, cellulase adding, synchronous diastatic fermentation and the like. According to the method, simultaneous utilization of the xylose and the inhibitors is achieved by adopting an acetic acid and xylose co-utilization based Kluyveromyces marxianus strain, and thus, the problem in inhibitor removal is avoided; by adopting high-temperature synchronous diastatic fermentation, the problem that the cellulase is unmatched with a fermentation temperature is avoided; and compared with the existing cellulose ethanol fermentation technologies, the production cost can be remarkably reduced.