To obtain appropriate crucible materials for vacuum induction melting of MCrAlY alloys, four different oxide ceramics, including MgO, Y₂O₃, Al₂O₃, and ZrO₂, with various microstructures were designed and characterized. The high-temperature wettability and interactions between Ni-20Co-20Cr-10Al-1.5Y alloys and oxide ceramics were studied by sessile drop experiments under vacuum. The results showed that all the systems exhibited non-wetting behavior. The contact angles were stable during the melting process of alloys and the equilibrium contact angles were 140° (MgO), 148° (Y₂O₃), 154° (Al₂O₃), and 157° (ZrO₂), respectively. The interfacial reaction between the ceramic substrates and alloys occurred at high temperature. Though the ceramics had different microstructures, similar continuous Y₂O₃ reaction layer with thicknesses of about 25 μm at the alloy-ceramic interface in MgO, Al₂O₃, and ZrO₂ systems formed. The average area percentage of oxides in the alloy matrices were 0.59% (MgO), 0.11% (Al₂O₃), 0.09% (ZrO₂), and 0.02% (Y₂O₃), respectively. The alloys, after reacting with MgO ceramic, had the highest inclusion content, while those with the lowest content were in the Y₂O₃ system. Y₂O₃ ceramic was the most beneficial for vacuum induction melting of high-purity Y-containing Ni-based alloys.