This photo has a lot going for it. Simplicity, great high key white background, and nice sharp focus on the subject. It is a good start. I find that the point of view, the centered subject, and the tight cropping combine to cause the subject to appear precarious and in danger of spilling off the edge of the frame. Since you clearly enjoyed the graphic quality of the unsharpened pencil tops, my suggestion is that bundling the pencils together into a tight circle, securing them with a rubber band, and shooting from directly overhead would create an interesting 'circles within a circle' pattern and eliminate the container which doesn't add much to the composition.
Hey, I have a similar pen cup on my desk at work! Great shot and love the pencils. Exposure is a little bright but might be due to the background messing with my eyes. 8
i really like the dof, color and subject. but i wonder if the centered, tight crop hurts the image. maybe portrait to see the whole container? still one of my favs for the challenge.