Actually, I think it could be safe to call thermite both an incendiary and an explosive, as it exhibits properties of both.
Check out a great documentary chronicling the research of Dr. Steven Jones on the subject of thermite and the WTC towers.
True, thermite cutter charges rely on extreme heat energy to do its dirty work, and thus doesn't produce as loud an explosion as more conventional RDX cutter charges, which rely on the force of the blast itself to do the dirty work, and thus produce a louder report....but thermite is INDEED an explosive...and also an incendiary.
Here's the documentary I was talking about if you haven't seen its called Hypothesis and takes about an hour to watch:
Time to INVESTIGATE the investigators of 9/11. PROSECUTE the prosecutors. EXPOSE the cover-up.
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