U.S. molybdenum pricing remains volatile, but many in the trade believe that a floor has been established on the back of another market dip.

Spot prices for molybdic oxide are now in a range of $10.50 to $11 per pound, down from $12.30 to $12.70 two weeks ago, while ferromolybdenum is between $12.75 and $13 per pound, down from $13.90 to $14.10, traders said.

Moly prices have been on a roller coaster ride for the past six months. Molybdic oxide, which hit a low of $8.55 a pound in April, climbed to $18.25 in August but since then has given back about 40 percent.

"Have we fallen...