THE wool market continues to struggle with Eastern Market Indicator falling 2 cents to 873c/kg clean last week.
This comes on the back of weak enthusiasm from exporters and mediocre demand for retail apparel in Europe.
Landmark's southeast division wool manager Stephen Keys said the market remained steady amid low confidence levels among exporters.
"There is still not a lot of confidence out there ... there is enough support to keep the market around those levels, but not enough business to move it up," Mr Keys said.
This was despite the Australian dollar falling three US cents during the past week.
"In light of that, the market should have risen 20-30c," he said.
"But there is just not enough business to do it."
Mr Keys said many exporters reported on-going difficulties doing international trade, following the global financial crisis.
At 873c/kg the EMI remained well above where it was this time last year at 834c/kg.
"Quite often we have smaller sales this time of year, from April to June, and we do expect that to help kick the market along," he said.
Mr Keys said the market was expected to "move sideways" for the next three to four weeks.
"But there should still be enough support to put a floor in the market. Unless there is significant change in the Australian dollar we wouldn't expect significant change," he said.
Chinese demand was not what it had been two to four months ago, he said, which was attributed to the weakened demand for retail apparel in Europe.
"But in a nutshell, the market is still looking pretty positive for the next few months and it would only take a small improvement in confidence for it to lift very quickly," Mr Keys said.
