The invention relates to a continuous rolling planetary rolling mill. A first feeding mechanism, a second feeding mechanism and a rolling mechanism are sequentially arranged from one side to the other side according to the sequence of stations. The first feeding mechanism pushes a received to-be-rolled material to the second feeding mechanism, returns to the initial station after pushing the materials and continues to receive the next to-be-rolled material. The second feeding mechanism pushes the material received from the first feeding mechanism to the rolling mechanism, returns to the initial station after pushing the material and continues to receive the next to-be-rolled material pushed by the first feeding mechanism. The overturning time of ingots, time for pushing and returning of a feeding trolley, and time for a core bar to penetrate through the ingots and return are shortened, feeding continuity and rolling continuity of the materials are achieved, rolling efficiency is greatly improved, impact to the rolling mechanism is reduced, and the service life of the rolling mill is prolonged.