Abstract: A pitch product having a petroleum-derived distillation residue and a coal tar-derived distillation residue, said pitch product characterized by a concentration of at least 84% asphaltenes (SARA). Further, the present invention is directed to a pitch binder including said pitch product useable in manufacturing of graphite electrodes for electric arc furnaces, and carbon anodes and Soederberg paste for aluminum production. The present invention is further directed also to a graphite electrode having said pitch binder, as well as to a carbon anode comprising said pitch binder. The present invention also provides a process for producing a pitch product including a petroleum-derived distillation residue and a coal tar-derived distillation residue, said process including a petroleum vacuum distillation process step for obtaining said petroleum-derived distillation residue, and a process for manufacturing a graphite electrode or a carbon anode including said process for producing a pitch product.