I suspect this is because its a urethane. One, I would be careful about starting at lower grits. I NEVER use 150/180, 220/240, 320 on any resins. I am sometimes even wary of 400 grit. The lower grits will leave significant scratching and often deep scratches that can be all but impossible to get out entirely. Starting at 400 or 600 grit, on any resin, it usually ends up being a lot easier to polish things out. You may just need to spend more time at 400/600. Remember also to never skip grits. Its 50% scale reduction each grit, meaning as you progress through the grits, each one will reduce the scratch scale by half. You will often need to sand up to very high grits with most resins, and I will usually sand with Norton wet/dry (wet of course) up through 1500 or so, then switch over to Zona paper starting two grits finer than the lowest (i.e. skip green and gray) and wet sand all the way through 1 micron. That is still usually NOT enough for any resin I've ever worked with, and it usually takes buffing to really shine things up.
Urethane is a bit of a different beast, as its more rubbery in nature. As such, it doesn't naturally want to take on a shine with sanding. It can, but it doesn't really want to. John U recommended finishing Urethane resins (i.e. Alumilite) with GluBoost Ultra Thin (the new stuff, green bottle) as its highly penetrating and will easily flow into every nook and cranny you have in the surface of a urethane blank. You might need to build up a few thin layers. then you a polish that out to a fine shine, like any other gluboost finished blank.