Spinnable mesophase pitches C-MP, P-MP and C/P-MP were synthesized from coal tar pitch, petroleum pitch and their co-carbonized pitches, respectively. The molecular structures of these mesophase pitches and their effect on the microcrystalline sizes of the mesophase and the properties of carbon fibers derived from them were comparatively investigated. The molecular structures and orientation of the prepared mesophase pitches have significant influence on the performance of resultant carbon fibers. In comparison with P-MP and C/P-MP, C-MP possessing the highest aromaticity, a rigid molecular structure and a very small amount of methyl groups makes C-MP-CFs with smaller crystal size and lower decomposition during the preparation process, thus results in best mechanical properties of their carbon fibers, consequently. The prepared P-MP, however, containing abundant methyl groups