Yes, I have some Matte Finish in my assortment of polishes and compounds. I'd liken it more to a rubbing compound than a polish though.
I think the abrasive that Ebonite uses for this stuff does slowly break down as you use it, but not to the point where a ball would appear polished.
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"A word to the wise ain't necessary -- it's the stupid ones that need the advice." Bill Cosby
"Never argue with an idiot. They bring you down to their level and beat you with experience."