The invention belongs to the field of lubricating materials and application thereof and discloses a drawing lubricant for titanium and titanium alloy tubes and an application method of such drawing lubricant. The drawing lubricant comprises 1) any two of glass powder, graphite fluoride and boron nitride, 2) any two of borax, sodium phosphate and sodium fluoride, and 3) water. A lubricating treatment process includes subjecting the titanium and titanium alloy tubes to surface cleaning, conducting oxidizing annealing, spraying, drying and drawing practically to enable the surface roughness of drawn products to be below Ra 0.8 micrometers. The drawing lubricant has the advantages that a lubricating coating is formed on the surfaces of titanium and titanium alloy blanks through the drawing lubricant, so that lubricating conditions between the tube blanks and drawing dies are improved effectively, adhesion between the blanks and the dies is prevented, the service lives of the dies are prolonged and the tube surface quality is improved.