The black Ryobi 'Emery Buffing Compound' I have is listed at 1-3 microns, as labelled on the tube. It applies much 'coarser', as the hard/waxy binder is very clumpy/chunky; sort of a pain applying to softer surfaces like leather (I use it on paper over glass/wood). Once in use, though, it's very fast in cleaning up the scratches and finishing at near-mirror, more commensurate with it's rated grit size. Reminds me a lot of the 1µ & 3µ diamond pastes from DMT, in that regard.
(HH's post above does remind me, a lot of the black compounds are indeed emery, a.k.a. naturally-occurring aluminum oxide; also known as 'corundum'.)
David
If you are having trouble using the hard or chunky stuff, just put it in the microwave for about 5-10 seconds. It will smooth right out for you.
Stitchawl