<p>A cold working lubricant for metallic conduits in the form of a solution wherein butyl acrylate ester-methyl methacrylate ester copolymer having a resin acid value of 10-40 and a glass transition temperature of -10 to 20°C is emulsified and dispersed; an emulsified product of a straight chain saturated fatty acid or an ester thereof having a melting point of 30-70°C can be further added thereto.</p>