Abstract: A process for preparing an organic binder which is suitable for use in the preparation of a sintered body of an inorganic powder such as a metallic powder or a ceramic powder, and which is superior in compactibility of the inorganic powder, removability from compacts of the inorganic powder prior to sintering, and yield and quality of sintered body, the process comprising the steps of dissolving (a) an ethylene-vinyl acetate copolymer and/or an ethylene-ethyl acrylate copolymer in (b) an acrylic or methacrylic acid ester or a mixture thereof with a styrene compound, dispersing the resulting solution in an aqueous medium containing a dispersing agent, and carrying out a suspension polymerization in the presence of a polymerization initiator such as an oil-soluble initiator.