LONDON, April 17 (Reuters) - Prompt British wholesale gas prices fell on Tuesday morning as forecasts for warmer weather curbed demand.
* Day-ahead gas price down 0.95 pence at 49.60 p/therm by 0834 GMT.
* Within-day contract down 2.00 p at 49.50 p/therm.
* Traders said prices fell as temperatures are expected to hit highs of over 20 degrees Celsius later this week.
* “The weather models have trended even warmer for balance of this week and into early next week,” one gas trader said.
* Analysts at Thomson Reuters said demand is expected to fall, with day-ahead local distribution zone demand forecast 18 mcm lower at 107 million cubic metres (mcm).
* Gas system slightly oversupplied with demand forecast at 182.9 mcm and flows at 186.3 mcm/day, National Grid data showed.
* However, demand was 22 percent below the seasonal norm of 235.7 mcm, the data showed.
* The May contract bucked the trend and was up 0.15 p at 49.40 p/therm.
* The analysts said temperatures are expected to return to seasonally normal levels next month.
* Further out on the curve other contracts slipped.
* Q3 2018 contract down 0.20 p at 47.80 p/therm
* Winter 2018 contract down 0.60 p at 55.40 p/therm
* Day-ahead gas price at the Dutch TTF hub up 0.08 euro at 19.38 euros per megawatt-hour.
* Benchmark Dec-18 EU carbon contract down 0.08 euro at 13.92 euros per tonne.
* Thomson Reuters analyst view:here (Reporting by Susanna Twidale; editing by Nina Chestney)