Calcium aluminate cement was prepared by combustion synthesis with CaO2, Al, and Al2O3 as raw materials. The effects of CaO/Al2O3 (C/A) molar ratios in raw materials on the phase compositions and morphologies of calcium aluminate were investigated in detail. It was found that when the C/A reduced from 1.1 to 0.74, the content of CaO·2Al2O3 (CA2) in products increased, whereas contents of CaO·Al2O3 (CA) and 12CaO·7Al2O3 (C12A7) decreased; when the C/A was 0.8, the phase composition of product (CS71) was equal to that of Secar71. Additionally, the crystallines of CA and CA2 in the product were reduced when the C/A molar ratio was decreased. And then, the bulk density, apparent porosity, permanent linear change, cold crushing strength (CCS), and cold modulus of rupture (CMOR) of the corundum‐based castables bonded with CS71, Secar7 were compared. The castables bonded with CS71 demonstrate obviously improved CCS, CMOR, and volume stability.