Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from James Rollyson - Raymond James.
James Rollyson - Raymond James
Maybe this one for Rick. With all the details you gave kind of on Australia, obviously you've got some coal that's booked and you're hoping to still fulfill those contracts over the course of the rest of the year. And you gave us some maybe price thoughts on what's open and how prices generally look for the thermal and the met that is open. Can you give us some maybe ballpark average of what's booked already, maybe what the blended price is assuming that you get performance on those contracts just to kind of get us in the ballpark overall? I know you don't like to get too granular but maybe overall?
Rick Navarre
It maybe tough to get into too much detail, Jim, because we've only settled a few contracts. I'll give you the higher points. Certainly, the contracts that we have settled to date on the high [quality] hard coking coal have been in that benchmark range of $128, which translates to about $125 for Peabody on its high quality Goonyella-type coals, so we've been able to settle those out with carryover performance.
So that's where we stand, but it's only a few contracts. We have a lot of negotiations still to do over the next couple of weeks, but we think those numbers will stay in line with that and then, of course, based on different qualities we'll see different pricing all the way down to the PCI qualities, which we haven't settled any of the PCI qualities at this stage of the game but they're beginning to come in and we'll have some discussions around that.
And on the thermal side, as I said, we're looking at a $70 benchmark number and that starts at, you know, there's ranges of thermal coal as low as 7% ash all the 25% ash and you'll see different prices for that.
On the carryover side, as we said from the very beginning, we have strong contracts and we honor our side of the carryover business when the price moves the other direction and we would expect that our customers do the same. And so far the settlements that we have had on the hard coking coal we've seen that. We've seen some others, as I said earlier, that puts a little bit of value at risk with respect to some of the lower-quality coals, but we'll continue to push for that.
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